5th Circuit: Insured’s Loss Falls Squarely Under Policy’s Deception Fraud Provision

( June 9, 2026, 1:13 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals affirmed a federal court’s dismissal of an insured’s breach of contract and bad faith lawsuit seeking full crime coverage for its losses arising from $1,251,068.34 it paid to a fraudulent account, agreeing with the lower court that coverage is limited to the policy’s $100,000 Deception Fraud Provision....