5th Circuit:  Coverage Triggered Under Policy’s Funds Transfer Fraud Endorsement

Mealey's (February 3, 2023, 9:31 AM EST) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appels affirmed a lower federal court’s partial summary judgment in favor of an escrow agent insured, finding that the insured’s $250,945.31 loss from a fraudulent wire transfer triggered coverage under crime protection insurance policy’s funds transfer fraud endorsement....