Frigon v. Pacific Indemnity Co.
Frigon v. Pac. Indem. Co., No. 05 C 6214, slip op. (N.D. Ill. Jan. 16, 2007), reconsideration denied, No. 05 C 6214, 2007 U.S. Dist. LEXIS 17813 (N.D. Ill. Mar. 14, 2007).
While many lawsuits involving a collector and his insurance company concern the valuation of lost or damaged property, this federal lawsuit in Illinois addressed – and, some believe, expanded – the definition of “all” in an “all-risk of physical loss” insurance policy. At issue was the question as to whether “all risk” included the loss of paintings that were consigned by the insured (Frigon) to an insolvent art gallery, which then wrongfully sold them and . . . .