Fraud Constitutes 3 ‘Occurrences’ Under Endorsement, Arizona Panel Says In Reversal

Mealey's (February 8, 2021, 11:41 AM EST) -- PHOENIX — Partially reversing a lower court, an Arizona appeals court panel on Feb. 4 held that cyber fraud against an insured constituted three “occurrences” under a business property insurance policy’s “Computer Fraud” endorsement and, therefore, the insured is entitled to recover the $10,000 limit for each occurrence....