Agent Has No E&O Coverage for Theft of Escrow Money by Email Impostor

August 22, 2017

A U.S. district court in Maryland recently ruled that an exclusion in a title agent errors and omissions policy for "insufficiency in the amount of escrow funds" has been held to negate the carrier's duty to defend or indemnify the agent for the theft of the seller's money by impersonation and fraud.

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