In Metro Brokers, Inc. v. Transp. Ins. Co., 2015 U.S. App. LEXIS 3473 (11th Cir. Ga. Mar. 5, 2015) an all risk policy was held to not provide coverage to an insured real estate brokerage company for online fraudulent withdrawals from the company’s bank account.
On December 10, 2011, thieves logged into the insured’s online banking system and authorized payments totaling over $188,000 from the insured’s escrow account to several other bank accounts. They had used a virus known as “Zeus” to gain access to …
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