In a recent ruling by the Illinois First District Court of Appeals, a judgment of $176,356 has been affirmed in favor of an insured woman, whose diamond engagement ring was deceitfully replaced with a synthetic one by her spouse. The court maintained that the woman was a rightful “innocent insured” party in this insurance dispute.
The April 22 opinion, penned down by Judge Mary Ellen Coghlan, upheld the Cook County Circuit Court’s decision favoring the insured, Chrysoula Dana. Dana had sought a declaration judgment and filed a breach of contract lawsuit against the Great Northern Insurance Co., after the company rejected her insurance claim for the loss of her diamond from the engagement ring.
Dana’s attorneys, Joseph Bosco and Costa Diamond from the Illinois-based LaRose & Bosco, welcomed the appellate court verdict. They stated their gratification over the application of the ‘innocent insured doctrine’ to the misappropriation exclusion in Dana’s case, and expressed hope that this ruling will act as a shield for innocent insured parties in future litigations.
For further details, visit the original article on Law.com.