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Medidata Solutions, Inc. v. Federal Insurance Company

  1. December 14, 2018

    The Biggest Property & Casualty Insurance Decisions Of 2018

    Insurance attorneys received guidance from courts on a host of critical coverage issues in 2018, including two appeals courts' rulings that insurers must cover losses from email-based scams. Here, Law360 reviews the biggest insurance decisions of the year.

  2. August 24, 2018

    2nd Circ. Won't Rethink $4.8M Phishing Fraud Coverage Win

    A Chubb Ltd. unit failed to convince the Second Circuit to reconsider a decision that the insurer must shell out more than $4.8 million to cover losses Medidata Solutions Inc. incurred from an email-based fraud scheme, standing by the ruling that attorneys called a rare appellate win for the policyholder in a phishing coverage case.

  3. July 09, 2018

    Medidata Win Buoys Insureds In Phishing Coverage Fights

    The Second Circuit affirmed Friday that Medidata Solutions Inc.'s crime insurer must cover a $4.8 million loss it suffered when its employees were tricked into wiring money by a crook posing as Medidata's president in an email, giving policyholders ammunition to combat insurers' arguments that email-based "phishing" schemes don't trigger computer fraud coverage.

  4. July 06, 2018

    Chubb Must Cover $4.8M Email Scam Loss, 2nd Circ. Affirms

    The Second Circuit on Friday upheld a New York federal court's ruling putting a Chubb Ltd. unit on the hook for a $4.8 million loss that Medidata Solutions Inc. suffered when it was tricked into wiring money overseas through an email-based scheme, agreeing with a lower court that the incident clearly constitutes covered computer fraud under Medidata's policy.

  5. April 19, 2018

    3 Phishing Insurance Coverage Cases To Watch

    Policyholders and insurers alike are eagerly anticipating guidance from a trio of federal appeals courts on whether email-based "phishing" theft schemes trigger coverage under computer fraud insurance policies. Here, Law360 breaks down the computer fraud coverage cases pending before the Second, Sixth and Eleventh circuits.

  6. January 01, 2018

    Insurance Cases To Watch In 2018

    Courts across the country are primed to grapple with critical insurance issues in 2018, including whether email-based theft schemes trigger computer fraud coverage and whether policyholders must foot the bill for pollution claims in years insurance was unavailable for those risks. Here, Law360 breaks down significant cases insurance attorneys will be tracking in 2018.

  7. December 05, 2017

    Chubb Unit Tells 2nd Circ. $4.8M Wire Fraud Not Covered

    A Chubb Group unit on Monday asked the Second Circuit to find that it does not owe Medidata Solutions Inc. coverage for a $4.8 million loss it suffered when it was tricked into wiring money overseas, saying the fraudster's use of email does not render it computer fraud.

  8. 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.