Insurer Asks 11th Circuit To Reverse Coverage Ruling For $1.7M Fraud Loss

Mealey's (June 28, 2018, 9:45 AM EDT) -- ATLANTA — An insurer recently filed an appeal in the 11th Circuit U.S. Court of Appeals challenging a lower federal court’s ruling that its insurance policy is ambiguous and, as a result, that it owes coverage for the insured’s $1,717,000 loss caused by computer and funds transfer fraud (Principle Solutions Group LLC v. Ironshore Indemnity Inc., No. 17-11703, 11th Cir.)....