March 28, 2024
An insurer avoided paying for half of a nearly $360,000 wire fraud scheme targeting a snow removal company Thursday, after a Minnesota federal judge found its policy precluded coverage for a variety of reasons.
June 15, 2023
A snow removal company urged a Minnesota federal court to reject a Markel unit's bid to avoid covering half of a nearly $360,000 wire fraud scheme, arguing that the loss was exactly the type of situation a reasonable insured would have expected to be covered under its cyberinsurance policy.
May 25, 2023
A snow removal company's $179,000 loss from a wire fraud scheme is not covered under its cyber policy, the company's insurer told a Minnesota federal court, arguing that the loss resulted directly from an employee's error, not the hacker's fraudulent data entry.
March 03, 2023
A snow removal company that lost $358,000 in an email fraud scheme should have full coverage under its cyberinsurance policy, it told a Minnesota federal court Friday, arguing its insurer is improperly refusing to pay half that money on the basis that the company failed to follow verification procedures.