HEANEY, Senior Circuit Judge.
Newhard, Cook & Co. appeals from a district court order denying Newhard coverage under a fidelity policy for losses sustained because of the fraud of an employee. The defendant, CIGNA Property and Casualty Company, issued the fidelity policy to Newhard. When Newhard submitted a claim to collect on the policy for losses precipitated by the fraud of an employee, CIGNA refused to cover the losses, claiming that under the terms of the...
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