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A federal grand jury indictment alleges that a Willow resident embezzled more than $1.16 million total from the City of Houston and a Wasilla-based equipment company.
The Eighth Circuit’s decision in Cargill represents a victory for the policyholders because, among other things, it recognizes both the breadth of the plain policy language used by the insurer and the practical consequence of the policy’s binding determination provision.