Beazley says Innova knew of alleged theft before crime cover began

To make the point, Beazley points to statements those parties made elsewhere. The complaint says the company, a related company, and a company principal represented “on numerous occasions” that they first became aware of the alleged wrongdoing on September 9, 2022 – in a proof of loss to another insurer, in a lawsuit against a former officer, and in a sworn declaration. After hearing allegations that the pair had “defrauded Innova,” the complaint says, the principal hired outside counsel and terminated one officer on September 30, 2022 – all before the policy took effect.