Losses In $6M Phishing Suit Were Indirect, Insurers Argue
Law360 (November 16, 2020, 6:37 PM EST) -- Two insurance companies have asked a Texas federal court to throw out RealPage Inc.'s suit accusing them of wrongfully denying coverage on the software firm's claims of $6 million in losses due to a phishing scheme, arguing they're not liable because the losses were indirect.
Beazley Insurance Co. and National Union Fire Insurance Co. of Pittsburgh, a company of American International Group Inc., both moved Friday for summary judgment in RealPage's attempt to claim $6 million under its insurance policies to cover it for a $10 million computer and funds transfer fraud committed against the property management software firm in a...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!