Marac Finance Ltd v Vero Liability Insurance Ltd - [2014] 2 NZLR 93

Insurance — Liability of insurer — Exclusion clauses — Crime Insurance Policy — Insurer denied liability for losses caused by unauthorised advances by insured’s employee — Meaning of “dishonesty” — What behaviour constitutes dishonesty — Whether an employee intends to cause loss when employee aware of causing loss but does not desire it — Meaning of “consequent upon” — Whether exclusion for events 48 months ago applies where series of advances.