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ACADIA INS. CO. v. KEISER INDUSTRIES

793 A.2d 495 (2002)

2002 ME 57

ACADIA INSURANCE COMPANY v. KEISER INDUSTRIES, INC.

Supreme Judicial Court of Maine.

Decided: April 9, 2002.

Attorney(s) appearing for the Case

Thomas S. Majerison (orally), Norman, Hanson & DeTroy, LLC, Portland, for plaintiff.

Eric F. Saunders (orally), Jennifer D. Sawyer, Bernstein, Shur, Sawyer & Nelson, P.A., Portland, for defendant.

Panel: SAUFLEY, C.J., and CLIFFORD, RUDMAN, DANA, ALEXANDER, and CALKINS, JJ.

ALEXANDER, J.

[¶ 1] Keiser Industries, Inc. (Keiser) appeals from a judgment of the Superior Court (Cumberland County, Humphrey, J.), after a jury-waived trial, finding that losses claimed by Keiser were not covered losses insured against by an insurance policy issued by Acadia Insurance Company. Keiser contends that losses resulting from a corporate officer's misuse of the company credit card, discovered in March 1998 and reported to Acadia fifteen months...

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