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9th Circuit Clarifies Meaning of Direct Causation in Ruling on Claim for Phishing Scam

A decision by a panel of the 9th Circuit Court of Appeals on Wednesday will make it more difficult for insurers to deny claims by victims of phishing scams, which one industry group says have more than doubled in frequency …

Michigan Widow Lost $30,000 to Scammers After Burying Husband

DETROIT — They beat her when she was down. At 57, Christina Ihlenfeldt is reeling with heartache, anger and regret _ gut-wrenching regret. In just one week, she buried her husband, became unemployed and then got taken for $30,000 by …

Policy Limit Doesn’t Bar Claim for Loss From $1.7M Phishing Scam

A $1.7 million email phishing fraud that included phone calls with a fake lawyer and an intervention by a Wells Fargo fraud investigator is still a fraud and Ironshore Indemnity is liable for the claim, a split panel with the …