Judy Selby Discusses Cyber Fraud Coverage Decision in Law360 "Biggest Insurance Rulings From The 1st Half Of 2021" Story

Share this page
Print
PDF

In The News | 1 min read

Jun 28, 2021

Judy Selby was quoted in a Law360 story titled "The Biggest Insurance Rulings From the 1st Half Of 2021." In the article, Selby discussed a Fifth Circuit decision that found the policyholder could not tap into a $1 million computer fraud provision in its crime policy because coverage was only triggered if the fraud took place without the company's "knowledge or consent." In the cyber fraud at issue, policyholder employees had themselves directed cash transfers to fraudsters.

Selby said the Fifth Circuit's decision shows that courts honor the plain meaning of insurance policy language. She also noted it is incumbent on companies to examine their cyber and privacy exposure and get the right coverage for it.

Read the full article on the Law360 website (subscription required)

"The Biggest Insurance Rulings From the 1st Half of 2021" was published by Law360, June 25, 2021.

Hinshaw & Culbertson LLP is a U.S.-based law firm with offices nationwide. The firm's national reputation spans the insurance industry, the financial services sector, professional services, and other highly regulated industries. Hinshaw provides holistic legal solutions—from litigation and dispute resolution, and business advisory and transactional services, to regulatory compliance—for clients of all sizes. Visit www.hinshawlaw.com for more information and follow @Hinshaw on LinkedIn and X.