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In Landings, Yacht, Golf, and Tennis Club v. Travelers Casualty and Surety Company of America, litigation began over coverage of unauthorized withdrawals. Travelers moved to dismiss the complaint, arguing the alleged wire fraud did not meet the crime policy requirements. ....
On August 10, 2022, the U.S. District Court for the Middle District of Florida held, on a motion to dismiss, that losses allegedly caused by fraudulent payment requests by persons. ....
A Travelers unit doesn't have to cover the majority of a wire fraud a Florida yacht club said it suffered, a Florida federal judge ruled, finding the club only partially alleged that parties committed the fraud by purporting to be the club itself, a requirement under its crime policy. ....
Many community associations leveling fraud charges had a single person receiving and paying bills. To stay safe, a system of checks-and-balances should be a fundamental part of day-to-day operations ....