Fraudulent Wire Transfer Emails Did Not Trigger Coverage, 9th Circuit Rules

Mealey's (March 13, 2017, 3:52 PM EDT) -- PASADENA, Calif. — Affirming a trial court’s judgment, a Ninth Circuit U.S. Court of Appeals panel on March 9 found no coverage under a crime insurance policy for funds lost by an accounting firm’s wire transfers pursuant to fraudulently sent emails, concluding that provisions for forgery, computer fraud and funds transfer fraud did not apply (Taylor & Lieberman v. Federal Insurance Co., No. 15-56102, 9th Cir., 2017 U.S. App. LEXIS 4205)....