Insurer Asks 2nd Circuit To Find Wire Transfer Theft Is Not Covered Under Policy

(December 6, 2017, 10:11 AM EST) -- NEW YORK — An insurer asked the Second Circuit U.S. Court of Appeals on Dec. 5 to reverse a lower court’s finding that coverage for a firm's multimillion-dollar loss due to a fraudulent wire transfer scheme existed under the computer fraud provision of the company's executive protection insurance policy (Medidata Solutions Inc. v. Federal Insurance Co., No. 17-2492, 2nd Cir.)....