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Argonaut Great Central Insurance Co. v. MLLCA, inc.

Court: Tx 2-Ft Worth  05/13/2021  Insurer Not Liable for Contractor's Theft of Insurance Proceeds

The Fort Worth Court of Appeals reversed and rendered judgment for the insurer, noting that it was undisputed that the insurer had paid the amount owed under the policy jointly to the insured and the contractor selected by the insured to perform hail repairs and, thus, the insurer did not owe any additional money to the insured even if the contractor absconded with the funds after the insured endorsed the check over to the contractor.

commercial property insurance, fraud, bad faith, insurance code, actual cash value, ACV, replacement costs

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