HM Intl v. Twin City Fire Ins
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September 24, 2021
Hartford Unit Wants 5th Circ. To Rethink Transfer Fraud Fight
A Hartford unit asked the Fifth Circuit to rethink its finding that an investment firm is entitled to $470,000 from the insurer that it paid to settle threatened claims that one of its officers transferred money to a fraudster posing as a client of the firm.
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September 03, 2021
5th Circ. Vacates Insurer's Win In Fraudulent Transfer Suit
An investment firm is entitled to $470,000 from its insurer that it paid to settle threatened claims that its chief financial officer transferred money to a fraudster posing as a client of the firm, the Fifth Circuit ruled, overturning a Texas federal court decision.
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October 20, 2020
Sausage Biz Says Insurer Must Pay For Money Scam
A sausage company told the Fifth Circuit that a Texas district court erred in ruling that Twin City Fire Insurance Co. needn't indemnify it for settling claims after a $1 million money transfer scam, arguing that the settlement was not time-barred and seeking $470,000 in reimbursement.