Lloyd’s of London Inc. must pay $349,507 to a jeweler in connection with losses from a 2013 armed robbery, an Illinois appellate court has ruled
Lloyd’s underwriters had argued that that they didn’t need to cover the losses of Turmusaya Jewelry Inc. in Burbank, IL, Law360 reports. They said the company failed to have two employees on duty as its policy required.
Turmusaya sued for breach of contract, and the Cook County Circuit Court ruled in favor of the jeweler. the appellate court upheld the ruling.
According to Law360, Turmusaya “argued the policy was ambiguous because the two-person warranty was an express warranty, but the policy stated there were no express warranties.”
Judge Jesse G. Reyes of the appeals panel wrote, “As recognized by our supreme court, we will not ‘adopt an interpretation which rests on “gossamer distinctions” that the average person, for whom the policy is written, cannot be expected to understand.'”
Read more at Law360
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Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success
After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone.
Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently.
The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.
