Topic

Funds Transfer Fraud

Cyber Insurance

Coalition Clawbacks: Putting Stolen Funds Back in Policyholders’ Pockets

When threat actors commit funds transfer fraud, Coalition goes where others can’t to “claw back” stolen funds — recovering an average of $162K per FTF claim.

Executive Risks

Combining Crime and Cyber: Common Claims and Core Coverages

Cybercrimes often fall between two types of insurance policies: crime and cyber. Both can coexist in harmony for the benefit of the policyholder.

Security Labs

Security Alert: MFA Spamming Attacks Increase Cyber Claims

MFA fatigue, overwhelming users with constant authentication requests, can lead to cyber insurance claims. Learn what mitigations are available.

Cyber Insurance

How Coalition Recovered $5.5M After Funds Transfer Fraud

After a Coalition policyholder mistakenly wired money to a fraudulent account, our claims team jumped into action and recovered 85% of the initial loss.

Cyber Insurance

Threat Actors Aren’t Targeting Your Business — You’re Just Making the Cash Grab Easy

Coalition’s Head of Claims explains why funds transfer fraud is now the top attack method, along with other key findings from the 2023 Cyber Claims Report.

Coalition’s products are offered with the financial security of Allianz Group* (A.M. Best A+ rating), Arch Specialty Insurance Company (A.M. Best A+ rating), Ascot Group (A.M Best A rating), Fortegra Group (A.M. Best A- rating), Lloyd’s of London (A.M. Best A rating), Swiss Re Corporate Solutions* legal entities (A.M. Best A+ rating), Vantage Risk Specialty Insurance Company (A.M. Best A- rating), and Chaucer Insurance Company DAC (A.M. Best A rating).

* Insurance products are offered in the U.S. by Coalition Insurance Solutions Inc., a licensed insurance producer and surplus lines broker. Insurance products may not be available in all states, For further details see here. ** Insurance products may be underwritten by Ascot Specialty Insurance Company, Ascot Insurance Company, or an affiliated company, which are members of Ascot Group. *** Insurance products may be underwritten by North American Capacity Insurance Company, Swiss Re Corporate Solutions America Insurance Corporation, or an affiliated company, which are members of Swiss Re Corporate Solutions. Fortegra® is the marketing name for the service contract and insurance operations of the subsidiaries of The Fortegra Group, Inc.