Most policyholders are aware of the danger of losses from fraudulent instructions and invoices accomplished through what is known as “social engineering” or related methods. Often this is carried out by an email claiming to be from a vendor or company executive that provides instructions for payment to a fraudulent account. In some cases, the
A recent Tenth Circuit decision undercut policyholder arguments that Telephone Consumer Protection Act (TCPA) claims are insurable under a standard CGL policy. Policyholders should take note of this decision but should not assume that all TCPA claims are necessarily uncovered.
On February 21, the Tenth Circuit affirmed a finding of no coverage on appeal from
Allianz’s yearly survey of nearly 2,000 risk experts from 80 countries highlights business interruption and cyber incidents as the top two major threats for companies through 2018 and beyond. Forty-two percent of responses identified business interruption (BI) as the most important global risk because it can substantially impact revenues. So it is no surprise