9th Circuit Refuses To Disturb Coverage Finding In Suit Over $200,000 Claimed Loss

Mealey's (March 8, 2022, 2:06 PM EST) -- PASADENA, Calif. — A Ninth Circuit U.S. Court of Appeals panel on March 7 refused to rehear its ruling that a federal court erred in finding that neither a “Computer Fraud” nor a “Funds Transfer Fraud” provision in a commercial crime insurance policy covered an insured’s alleged $200,000 loss, standing by its reversal of the trial court’s dismissal of the insured’s breach of contract and bad faith lawsuit against its insurer....