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In the September Insurance Law Update, Jenner & Block Partner Jan A. Larson and Associate Caroline L. Meneau suggest that policyholders should carefully review their insurance policies to understand what forms of computer fraud-related loss are covered. The authors explain that a business email compromise (BEC) is a scam in which criminals trick company employees into wiring money to fraudulent accounts. They then highlight the court split over whether coverage is available for BEC events under fidelity and crime policies.
The Update was reprinted in Law360.