Cargill sues insurer over failure to pay $45 million in crime loss coverage

Cargill sues insurer over failure to pay $45 million in crime loss coverage

Agribusiness giant Cargill has filed a lawsuit against its insurer, National Union Fire Insurance Company, for allegedly failing to pay out almost $45 million in losses the firm claimed was covered under the employee theft clause of its policy.

The losses were a result of an elaborate fraud scheme involving two of Cargill’s employees, who colluded with one of its vendors, Women’s Distribution Services (WDS), to overcharge the company, according to Agweek.

Minnesota-headquartered Cargill discovered the fraud scheme in 2016, when the firm claimed it was covered by a crime loss policy through National Union

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