Cyber Insurer, Law Firm Settle Wire Transfer Fraud Dispute

A law firm and its cyber insurer have agreed to settle a coverage dispute over losses stemming from a 2024 wire transfer to hackers.

The US District Court for the Western District of Washington said it had been notified of a settlement in a Monday order striking the trial date in the case.

• Connelly Law Offices PLLC sued Spinnaker Insurance Co. and Cowbell Cyber Inc.—the managing general agent and claims handler for the cyber insurance policy—in February. The lawsuit alleged that Spinnaker and Cowbell breached their policy obligations after the law firm was duped into sending a $1.5 million wire ...