Cyber Insurance

Data breach and cyber claims

small business hit by a $187k BEC wire-fraud loss, our cyber carrier (Chubb) is applying a $50k "fraudulent instruction" sublimit instead of the $1M policy limit - is there a path to argue the computer-fraud or funds-transfer fraud coverage applies instead?

need input from cyber claims attorneys, brokers, or any business owner who has been through a BEC (business email compromise) wire-fraud claim, especially with Chubb or one of the AIG / Travelers /...

Posted by confused_homeowner_579