April 15, 2024
A State Farm unit and a property owners association reached a conditional settlement agreement in the association's suit seeking directors and officers coverage for underlying litigation stemming from a wire fraud incident, they told a California federal court.
March 19, 2024
A State Farm unit can't escape a property owners association's suit seeking directors and officers coverage for underlying litigation stemming from an alleged wire fraud incident, a California federal court ruled, saying the association's claimed loss falls within the basic scope of coverage.
March 20, 2023
A property owners association is not covered for underlying litigation stemming from an alleged wire fraud incident because the association's failure to make the proper payment is not a "wrongful act" that triggers directors and officers coverage, State Farm told a California federal court.
February 03, 2023
A State Farm unit should cover a property owners association in underlying litigation stemming from the association's alleged misdirected payment of a contractor's invoice to a hacker who infiltrated the contractor's email system, the association told a California federal court.