A federal appeals court ruled that RealPage’s commercial-crime insurance policy did not cover a $5 million phishing loss because the property-management service provider never “held” any of the stolen funds. The 5th U.S. Circuit Court of Appeals upheld a victory for AIG’s National Union Fire Insurance Company of Pittsburgh, which insured RealPage against theft of… Continue reading Phishing Victim Can’t Claim $5 Million Loss on Crime Policy for Money It Never ‘Held’
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