We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close
Focus On
NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax
Story image

Prevalence of cyberscams brings need for proper insurance coverage to the forefront

Thursday, November 02, 2017 @ 9:56 AM | By Darcy Ammerman

On June 29, 2017, the Alberta Court of Queen’s Bench released the first Canadian decision to grapple with how insurance coverage (in this case, through a crime coverage policy) should respond to social engineering fraud. In The Brick Warehouse LP v. Chubb Insurance Company of Canada 2017 ABQB 413, the court held that the Brick’s insurance coverage was not implicated and did not need to respond to protect the company from its losses of just over $200,000.

The Brick’s accounts payable department received a series of calls...