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Yesterday we had a claim from a small business that lost almost $70,000 from their bank account when someone acting as if they were our customer swept the money. The bank researched the loss and was able to locate all but $9000.00 of the lost money. Since the claim originated from the small business owners computer, the bank has denied reimbursing the client. The insurance carrier has also denied the claim, but in reviewing of the insurance form, we believe we have found coverage. Bank Account theft is a growing problem today. Make sure you have adequate coverage if the above event were to happen to you.
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