{"id":2715,"date":"2025-10-22T12:07:02","date_gmt":"2025-10-22T12:07:02","guid":{"rendered":"https:\/\/www.insuracarelife.com\/blog\/baird-sues-chubb-over-denied-5-million-cyber-fraud-insurance-claim\/"},"modified":"2025-10-22T12:07:02","modified_gmt":"2025-10-22T12:07:02","slug":"baird-sues-chubb-over-denied-5-million-cyber-fraud-insurance-claim","status":"publish","type":"post","link":"https:\/\/www.insuracarelife.com\/blog\/baird-sues-chubb-over-denied-5-million-cyber-fraud-insurance-claim\/","title":{"rendered":"Baird sues Chubb over denied $5 million cyber fraud insurance claim"},"content":{"rendered":"<div>\n<p>After the loss, AIG paid its $2,500,000.00 policy limit under the Fraudulently-Induced Payment Coverage, acknowledging that Baird\u2019s loss was covered. Chubb, however, denied coverage, asserting that White Lake \u201cdid not contract with Baird to provide goods and services,\u201d and therefore was not a \u201cVendor Requestor\u201d as required by the policy, and that there was no \u201cFraudulent Instruction.\u201d Baird responded that, as a financial institution, the goods it deals in are financial instruments and the services it provides are financial ones, and argued that Chubb\u2019s denial rendered the coverage meaningless for its business.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>After the loss, AIG paid its $2,500,000.00 policy limit under the Fraudulently-Induced Payment Coverage, acknowledging that Baird\u2019s loss was covered. Chubb, however, denied coverage, asserting that White Lake \u201cdid not contract with Baird to provide goods and services,\u201d and therefore was not a \u201cVendor Requestor\u201d as required by the policy, and that there was no [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1654,1482,389,209,459,234,11,511,1258],"class_list":["post-2715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-baird","tag-chubb","tag-claim","tag-cyber","tag-denied","tag-fraud","tag-insurance","tag-million","tag-sues"],"_links":{"self":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/2715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/comments?post=2715"}],"version-history":[{"count":0,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/posts\/2715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media\/2716"}],"wp:attachment":[{"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/media?parent=2715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/categories?post=2715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuracarelife.com\/blog\/wp-json\/wp\/v2\/tags?post=2715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}