Supreme Court turns down Heartland's bid to appeal insurance policy covering staff misdeeds

Tue, 03 Nov 2015

By Paul McBeth Nov. 3 (BusinessDesk) - The Supreme Court won't let Heartland New Zealand appeal a ruling that excused Vero Insurance New Zealand from covering losses caused by what the lender claims was dishonest acts by a former staffer. Justices Susan Glazebrook, Terence Arnold and Mark O'Regan turned down Heartland's application for leave to appeal in a ruling that found the Vero crime insurance policy didn't extend to a former employee, who it wasn't convinced acted dishonestly. Marac Finance, one of the lenders merged to form Hea...

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