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Lengthy Crimes, Limited Coverage: Recent Case Law Follows the 'One Policy Limit' Approach

The recent decisions in <i>Madison Materials</i>, <i>PBSJ</i>, and <i>Hartman &amp; Tyner</i> provide further support for the majority view that coverage for a multi-year crime is limited to one policy period despite successive policies in effect during the crime.

37 minute read February 24, 2010 at 03:31 PM
By
Mary Beth Forshaw, Lynn K. Neuner And Hema V. Shenoi
Lengthy Crimes, Limited Coverage: Recent Case Law Follows the 'One Policy Limit' Approach

In recent years, newspaper headlines have focused on a variety of financial scandals that have unfolded over long periods of time. The largest Ponzi scheme in history, arising from the activities of former NASDAQ chairman Bernard Madoff, resulted in $50 billion of investor losses over 15 years.

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