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SUMMIT REAL ESTATE MGMT v. MID-CENT. INS. CO.

A163203.

445 P.3d 905 (2019)

298 Or.App. 164

SUMMIT REAL ESTATE MANAGEMENT, LLC, an Oregon limited liability company, Plaintiff-Appellant, v. MID-CENTURY INSURANCE COMPANY, a California corporation, Defendant-Respondent, and Nielsen Insurance, Inc., an Oregon corporation, Defendant.

Court of Appeals of Oregon.

June 19, 2019.

Attorney(s) appearing for the Case

Stephen M. Feldman , Portland, argued the cause for appellant. Also on the briefs was Perkins Coie LLP.

R. Daniel Lindahl , Portland, argued the cause for respondent. Also on the brief were Ronald J. Clark , and Bullivant Houser Bailey PC.

Before Lagesen, Presiding Judge, and DeVore, Judge, and James, Judge.

This appeal arises out of an insurance claim by Summit Real Estate Management, LLC, (Summit) for losses resulting from eight years of embezzlement by its longtime bookkeeper. Summit was insured during that period under annual policies issued by Mid-Century Insurance Company (Mid-Century) that covered "direct loss" from employee dishonesty...

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