Insurer Fights 5th Circ. Revival Of $6M Phishing Coverage Suit

By Eli Flesch (July 23, 2021, 8:11 PM EDT) -- An AIG unit told the Fifth Circuit on Friday that real estate software company RealPage isn't entitled to coverage for a $6 million loss in a 2018 phishing scam, saying the software company wasn't holding the money when it was stolen.

The National Union Fire Insurance Co. of Pittsburgh asked the appellate court to confirm a lower court's finding that RealPage didn't own or wasn't holding any rental housing funds for another party — a precondition for coverage under its policy.

RealPage merely facilitated the transfer of the stolen money to the property management companies that make up its client base,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!