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Jewelry Store Wins $350,000 Suit Against Insurer Over Armed Robbery Case

The policy’s wording was ‘ambiguous.’

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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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When the Kids Have Their Own Careers, Wilkerson Can Help You to Retire

Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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