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Ninth Circuit finds No Coverage under Crime Policy for Client Funds lost in Social Engineering Fraud

August 17, 2017

On the March 9, 2017 decision of Taylor & Lieberman v. Federal Insurance Company,[1] the Ninth Circuit Court of Appeals affirmed a decision of the U.S. District Court for the Central District of California holding that a business management firm did not have coverage in respect of client funds which it was fraudulently induced to wire overseas.

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