March 07, 2022
The full Ninth Circuit on Monday declined to reconsider a panel's decision to resurrect a Long Beach, California, property management company's bid for crime insurance coverage of a $200,000 loss stemming from a bamboozled employee wiring money to a fraudster.
February 28, 2022
The Surety & Fidelity Association of America warned the Ninth Circuit that its recent decision to revive a property management company's fraud coverage suit against its fidelity insurer could upend the market by requiring insurers to grant coverage for indirect losses, resulting in large premium hikes.
January 26, 2022
The Ninth Circuit on Wednesday resurrected a Long Beach, California, property management company's fight over crime insurance coverage, finding that a lower court incorrectly ruled that a bamboozled employee who wired money to a fraudster, not the fraudulent email itself, caused its $200,000 loss.