The 5th U.S. Circuit Court of Appeals in New Orleans has affirmed a lower courts decision in finding that a commercial crime insurer in an insured's suit for coverage of a multi-million dollar loss in a phishing incident was proper because the insured never "held" the funds intended for its clients, nor did it control the funds designated for them.

Terms used in insurance policies often have specific definitions. Likewise, there are terms common to various segments in the industry itself that…

Several questions centered on policy language barring coverage for claims that are "the same as or related to" each other, not necessarily identical.

Lawyers and settlement agents are falling for these wire fraud schemes.

The 5th U.S. Circuit Court of Appeals in New Orleans has affirmed a lower court's decision in finding that a commercial crime insurer in an insured's suit…

On January 18th, New Jersey Governor Phil Murphy enacted an insurance bad faith statute for auto insurers.

On January 18th, New Jersey Governor Phil Murphy enacted an insurance bad faith statute for auto insurers.

Industry opposes a new Bill on Governor Murphy's desk, warning that it weaponizes a prior law in an unintended manner, and will potentially increase car insurance premiums drastically for New Jersey residents.

The 5th U.S. Circuit has found that a commercial crime insurer in an insured's suit for coverage of a multi-million dollar loss in a phishing incident was proper because the insured never "held" the funds intended for its clients, nor did it control the funds designated for them.

The 5th U.S. Circuit Court of Appeals in New Orleans has affirmed a lower court's decision in finding that a commercial crime insurer in an insured's suit…