Vam Check Cashing Corp. v. Federal Ins. Co., No. 11-2644 (2d Cir. 2012)Annotate this Case
Plaintiff insured, operator of a number of check cashing stores in the New York City area, contended that a criminal scheme perpetrated at its store constituted "robbery" within the meaning of its crime insurance policy which the defendant insurer issued. Because the court agreed with the district court that the policy was ambiguous and that the insured offered a reasonable interpretation of the policy permitting coverage, the court concluded that the insurer was liable under the policy and therefore affirmed the district court's grant of summary judgment to the insured.