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Gage v. Certain Underwriters at Lloyds

Court: 5th Cir  02/16/2022  Insured's Extra-Contractual Claims Properly Dismissed Where No Coverage for Gold Heist

After the Texas Supreme Court answered certified question that gold heist was "consequent upon the insured's handing over" of insured gold coins, the Fifth Circuit affirmed the district court's dismissal of insured's Texas Insurance Code claims under the general rule that insured cannot recover any damages for statutory violations if the insured had no right to recover under the policy.

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