Interesting report about whether legal malpractice insurance covers lawyers when scammers trick them into sending their clients’ payments for real estate into phony accounts.
“Of course, not all legal malpractice policies contain misappropriation exclusions, and in the absence thereof, the outcome of the coverage analysis could be different. However, where such an exclusion is present, the lesson is now clear in that insured attorneys would be well-advised to purchase separate cyber liability insurance to fill any gaps that may otherwise exist in their malpractice coverage.”