12Jan

Insurance Helps Museum Recover $900K Crime Loss

Employee Pocketed Membership Dues

The Field Museum in Chicago recently disclosed that a theft, allegedly perpetrated by an employee over seven years, resulted in the loss of $900K.  According to this story on DNAinfo.com, the employee, who has not been charged, pocketed a percentage of museum membership fees and was fired in 2014.
 
Luckily the museum had crime insurance and they were able to recover their losses minus a deductible. In addition, they made changes to their procedures and tightened oversight on money handling.

Berkley Crime Can Help You Insure Your Clients Against Fraud Losses

Make sure your clients are “smart”!

Smart organizations, like the Field Museum, know that fraud can occur anytime, anywhere and they need to protect themselves from losses. Make sure your clients; commercial, governmental or non-profits, are “smart” and have the crime loss protection they need.  Contact any one of the Berkley Crime team members below and we’ll help you find the right solution.

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Contact Berkley Crime

National Practice Leader and East Regional Manager
Sean Missal (860) 466-7377
smissal@berkleycrime.com

Patricia Logan (212) 497-3708
plogan@berkleycrime.com

Matt McNamara (212) 497-3707
mmcnamara@berkleycrime.com

 

Mid-West Regional Manager
Michael Beranek (501) 707-6548
mberanek@berkleycrime.com

Amanda VanCauwenberge
(312) 730-1101
avancauwenberge@berkleycrime.com

Kyna Love (312) 705-1132
klove@berkleycrime.com

 

West Regional Manager
Jennifer Maggi (925) 472-8217
jmaggi@berkleycrime.com

Steve Nguyen (925) 472-8233
snguyen@berkleycrime.com

 

P: 844.44.CRIME
info@berkleycrime.com
www.berkleycrime.com

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Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued. Certain coverages may be provided through surplus lines insurance company subsidiaries of W. R. Berkley Corporation through licensed surplus lines brokers. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

For additional information concerning W.R. Berkley Corporation’s insurance company subsidiaries, please visit: http://wrbc.info/Licensing/License.htm