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Apache Corporation v. Great American Insurance Co.

  1. October 30, 2017

    The State Of Computer Fraud Coverage Law: 5 Key Rulings

    A New York federal court's recent decision that Medidata Solutions is entitled to coverage for a loss to an email-based theft scheme and a Michigan federal judge's ruling that a tool manufacturer isn't covered for a similar scam added to a body of wildly varied case law on whether computer fraud insurance covers sophisticated criminal plots.

  2. November 21, 2016

    5th Circ. Won't Rethink Apache Coverage Loss In Email Scam

    The Fifth Circuit refused Monday to reconsider a finding that insurer Great American needn't cover policyholder Apache Corp. for $1.5 million worth of a $7 million scam in which the oil and gas company was persuaded to send money to an incorrect bank account.

  3. October 20, 2016

    Apache Ruling Narrows Reach Of Digital Fraud Coverage

    The Fifth Circuit's ruling Wednesday that Apache Corp. isn't covered for losses stemming from a fraudulent scheme that caused it to reroute vendor payments to a phony account curtails the use of computer fraud insurance to cover complex, multistep scams, requiring that an act of computer-based deception directly cause the loss, experts say.

  4. October 19, 2016

    5th Circ. Vacates Apache Win In $1.5M Fraud Coverage Fight

    Great American Insurance Co. actually doesn't owe $1.5 million to Apache Corp. after fraudsters tricked it into rerouting vendor payments to a bogus bank account because the loss isn't covered under the insurance policy's computer-fraud provision, the Fifth Circuit said on Tuesday.

  5. May 05, 2016

    Apache Asks 5th Circ. For Fees In $1.5M Fraud Coverage Fight

    Apache Corp. told the Fifth Circuit on Thursday that it is entitled to attorneys' fees and prejudgment interest from Great American Insurance Co. after a Texas federal judge found that the insurer must pay nearly $1.5 million for losses Apache suffered when fraudsters tricked it into rerouting vendor payments to a bogus bank account.

  6. April 18, 2016

    Insurer Fights $1.5M Bank Fraud Coverage At 5th Circ.

    Great American Insurance Co. on Monday continued to urge the Fifth Circuit to reverse a decision that it must pay nearly $1.5 million for losses Apache Corp. suffered when fraudsters tricked it into rerouting vendor payments to a bogus bank account, arguing that the incident isn't covered because it didn't result from computer fraud.

  7. March 17, 2016

    Apache Asks 5th Circ. To Affirm $1.5M Fraud Coverage

    Apache Corp. asked the Fifth Circuit on Thursday to affirm a decision that Great American Insurance Co. must pay roughly $1.5 million for losses the energy company suffered when fraudsters tricked it into rerouting vendor payment to a bogus bank account, saying its crime protection policy covered computer fraud.

  8. February 16, 2016

    Apache's $1.5M Bank Fraud Loss Not Covered, 5th Circ. Told

    Great American Insurance Co. asked the Fifth Circuit Friday to reverse a decision that it must pay Apache Corp. nearly $1.5 million for losses the oil and gas company suffered when fraudsters tricked it into rerouting vendor payments to a bogus bank account, arguing Apache's policy did not cover the type of fraud in question.