Ai generated illustration rings with decree of divorce, closeup Illinois Appellate Court Affirms $176K Judgment in Favor Insured Whose Diamond Ring Replaced With Synthetic One
"We are pleased that the Appellate Court applied the innocent insured doctrine to the misappropriation exclusion in this hard-fought litigation. We hope that this ruling will protect innocent insureds, like our client, in the future," said Dana's attorneys, Joseph Bosco and Costa Diamond of LaRose & Bosco, in Oak Park, Illinois.
April 26, 2024 at 11:57 AM
4 minute read
In an insurance dispute, the Illinois First District Court of Appeals affirmed a judgment awarding a woman $176,356 after her husband replaced the diamond in her 3.57 carat engagement ring with a synthetic one, finding she was entitled coverage as an "innocent insured."
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