Verdicts & Settlements September 14, 2009: Insurance Company Recovers $125,000 in Unpaid Premiums

Summary


An insurance company has recovered $125,000 for breach of contract and fraud allegations that an insured owed more than $170,000 in unpaid premiums for workers' compensation coverage.

Ned N. Walters and Nancy S. Walters owned Cunningham Sandblasting & Painting Co. Inc., based in Joplin. The company carried a workers' compensation insurance policy with Travelers Commercial Casualty Co.

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Extract


Verdicts & Settlements September 14, 2009: Insurance Company Recovers $125,000 in Unpaid Premiums

In June 2005, Cunningham incorporated a business in Galena, Kan., called Unicon Inc. Travelers also insured Unicon.

The poli...

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