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Policy won’t cover loss to hackers (access required)

A Richmond-area real estate development company cannot look to its business insurance policy to cover its $42,302.46 loss due to phony wiring instructions. U.S. District Judge John A. Gibney Jr. closed the door Feb. 20 on the effort by Midlothian Enterprises Inc. to establish coverage for the all-too-common theft. An employee of Midlothian received an email in ...