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Email Scam Not A Covered Fraud, Insurer Org. Tells 2nd Circ.

By Jeff Sistrunk (November 29, 2017, 9:49 PM EST) -- An insurance trade group on Tuesday urged the Second Circuit to reverse a New York federal judge's ruling that Medidata Solutions Inc. is entitled to coverage for a $4.8 million loss it suffered when it was tricked into wiring money overseas, saying the decision improperly expands the scope of crime insurance and would drive up premiums if upheld....

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