On July 2, 2019, the Fifth Circuit held in Frederking v. Cincinnati Ins. Co.., that Cincinnati Insurance Company was on the hook for injuries resulting from a drinking and driving collision because the collision amounted to an “accident” under its insurance policy. 2019 U.S. App. LEXIS 19796, __ F.3d __, 2019 WL 2751700.
Phishing has been around for decades. But now, the long-lost ancestor claiming to be a foreign prince is stealing more than your grandmother’s savings. Phishers are targeting corporations—small and big, private and public—stealing sensitive data and money. When Policyholders take the bait, they had better have a tailored insurance policy to keep their insurers on the hook as well.