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Fraud › Crime Insurance Policies

Fraud is the making of false representations or engaging in deceptive behavior in order to unlawfully secure financial or personal gain. 
Kaufman & Canoles

Virginia Real Estate Case Alert - Closing Funds Wired to Fraudster’s Account Covered by Insurance

Kaufman & Canoles on

A recent groundbreaking case decided February 1, 2023, from the United States Court of Appeals for the Fifth Circuit highlights the importance of broad insurance coverage for title agents and other businesses vulnerable to...more

Wiley Rein LLP

Court Holds Social Engineering Fraud Does Not Trigger Computer Fraud Coverage

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The United States District Court for the District of Minnesota, applying Minnesota law, has held that an insured’s loss resulting from the insured’s payment of fraudulent invoices received from a bad actor who hacked into the...more

White and Williams LLP

Minnesota Federal Court Rejects Insured’s Attempt to Cast Social Engineering Fraud As Computer Fraud Under Crime Policy

White and Williams LLP on

On August 12, 2022, the U.S. District Court for the District of Minnesota dismissed a policyholder’s complaint seeking a declaration that $600,000 in social engineering fraud loss fell within a crime policy’s computer fraud...more

Mintz - Privacy & Cybersecurity Viewpoints

Court Holds Crime Policy Covers Business Compromise Email Loss

Mintz - Privacy & Cybersecurity Viewpoints on

The “business compromise email” is what the FBI calls the “$5 billion scam,” but apparently an insurance company did not agree with an insured company that they had been the victim of a crime....more

BakerHostetler

Computer Crime Insurance Coverage: Can It Cover Fraudulent Entries Submitted by an Authorized User?

BakerHostetler on

In a recent decision, New York's appellate court considered whether a "Computer Systems Fraud" insurance policy rider (Policy) covered losses that Universal American suffered as a result of fraudulent claims electronically...more

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