Insurer Asks 11th Circ. To Uphold Wire Fraud Coverage Win

By Josh Liberatore (May 16, 2022, 8:30 PM EDT) — A real estate title company is not entitled to coverage for its wire fraud loss, a Chubb unit told the Eleventh Circuit on Monday, saying a Florida court rightfully held that the title company’s policy only offered cybercrime protection under specific, clearly defined circumstances.

In an answering brief, Illinois Union Insurance Co. said Star Title Partners cannot get coverage under a cyber protection package policy for funds it mistakenly sent to a fraudster posing as mortgage lender Capital Mortgage Services of Texas.

“Star Title did not prove these mandatory elements for coverage because (1) [Capital] was not an employee, customer, client…

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