In an insurance-coverage dispute arising from a theft of gold coins with a fraudulent check, the supreme court said: “We hold that a loss sustained “consequent upon” an event connotes but-for causation under the policy’s exclusion of coverage for property handed over to a third party against a fraudulent check. Accordingly, we answer the Fifth Circuit’s first certified question yes.” Dillon Gage, Inc. v. Certain Underwriters, No. 21-0312 (Dec. 3, 2021).
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from Texas Bar Today https://ift.tt/3JCQBt5
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