Insurance 101 – Chapter 8 – Volume 15 – Jewelers Block

Jewelers Block

In Hanover Insurance Company v. A. M. I. Diamonds, 397 F.3d 528 (7th Cir. 2005) the Seventh Circuit upheld the exclusion for the following reasons, to curb what is called “moral hazard” and to limit coverage in high-risk settings even when there is no moral hazard.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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