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As a service to Jenner & Block's clients and the greater legal community, the firm's Insurance Recovery and Counseling practice maintains online resource centers that offer the latest case law and other developments.
Jenner & Block will update this web page with new developments and items of interest as they become available.
In the May Insurance Law Update, Jenner & Block Partner Jennifer S. Senior and Associate Edward P. Vrtis highlight the Ninth Circuit case of Aqua Star (USA) Corp. v. Travelers Casualty & Surety Co. of America. In the case, the parties disputed whether the insured’s “computer fraud” policy covered losses from a social engineering scheme that duped the insured’s employees into transferring funds to a fraudster rather than to the intended recipient. The case “provides a reminder that insureds should review their crime coverage and consider whether to revise or remove overly restrictive exclusionary language or obtain more specialized cyber liability insurance to afford coverage for the increasingly common threat of social engineering schemes,” the authors observe. Law360 republished the Update.