Insurance — Commercial crime — Coverage — Policy covering “[l]oss resulting directly from a fraudulent instruction directing a financial institution to debit [insured’s] transfer account and transfer, pay or deliver money or securities from that account,” unambiguously covers insured’s claim for a loss of more than $1.7 million to scammers stemming from phishing scheme in which a scammer posing as an executive of insured persuaded an employee to wire money to a foreign bank — The loss involved a fraudulent instruction directing a financial institution to transfer funds and resulted directly from a fraudulent instruction as required by the policy
28 Fla. L. Weekly Fed. C635a
The materials available at this website are for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. Use of and access to this Website or any of the e-mail links contained within the site do not create an attorney-client relationship between Abbey, Adams, Byelick & Mueller, L.L.P. and the user or browser. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.
opens in a new windowAbbey, Adams, Byelick, & Mueller XML Sitemap Index