Appeals Court Affirms District Court's Decision in Insurance Coverage Denial Case

The Fifth Circuit Court of Appeals has affirmed a district court's decision in a case involving insurance coverage denial for a fraudulent routing number supplied to Valero Title, Inc., an escrow agent. Defendant-Appellant RLI Insurance Company denied Valero’s proof of loss claim, which the district court deemed covered under the funds transfer fraud endorsement in Valero’s crime protection insurance policy. RLI appealed the judgment, but the appeals court upheld the district court's interpretation of the policy. Read more >>> 22-20155.0.pdf (