Between the Lines

A Discussion of Case Law and Statutory Law Affecting Commercial Lines of Insurance

Archive for August, 2017

Posted In: Cyber Liability

Computer Fraud Policy Covers Wire Transfer Theft Induced by “Spoofed” Email

COURT REJECTS INSURER’S ARGUMENT THAT POLICY’S “DIRECT LOSS”  REQUIREMENT IS NOT MET IF THE INSURERED TAKES STEPS TO  INITIATE THE WIRE TRANSFER.   As email spoofing schemes have proliferated, so…

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Posted In: Cyber Liability

Court Finds No Cyber Coverage for Victim of Email Scam

How Can A Firm Protect Against This Risk?  Loss Was Not “Directly Caused” By Use Of Computer Where the Insured Authorized and Initiated a Wire Transfer to Scammer’s Bank Account…

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