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Two Court Rulings Show Coverage Difficulties for “Fake President” Fraud

A few weeks back, the Insurance Recovery report posted a blog about the difficulty obtaining insurance coverage for “fake president” fraud, which is also known as business e-mail compromise, or social engineering fraud.   Two courts have recently reached opposite holdings on this exact topic, which highlight the difficulty policyholders face when they have been victimized by … Continue Reading

When the Going Gets Tough, Make Sure There’s an **All-Star** Insurance Broker on Your Roster

In our practice representing policyholders in disputes with their insurers, we work closely not just with clients, but with the clients’ insurance brokers as well.  This blog celebrates the All-Stars—those brokers who are truly great performers. All-Star insurance brokers are trained and competent professionals.  They understand their clients’ business, they assess unusual risks and insure … Continue Reading

Insurance Broker’s Liability for Improperly Prepared Application

There is a general belief that courts have mostly not allowed  insurance buyers to push off the blame for inadequate insurance coverage on their insurance brokers.  Thus, as a primary proposition a broker is not liable to the insured for failure to recommend or procure additional coverages even though the broker had procured coverage for … Continue Reading