5th Circuit: Real Estate Platform Firm Not Covered In Phishing Incident

Mealey's (January 19, 2022, 7:41 AM EST) -- HOUSTON — A company that provides technology services to the real estate industry is not entitled to reimbursement from its insurer for funds lost in a phishing incident, a Fifth Circuit U.S. Court of Appeals panel ruled Dec. 22, because the company never “held” the funds that were stolen....