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Nationwide Mutual Insurance Co. v. Choi

Court: 5th Cir  05/13/2024  No Duty to Defend Insureds from Bitcoin Theft Claims

The Fifth Circuit Court of Appeals held that homeowners and umbrella insurer was not obligated to defend insureds against claims for theft of bitcoin because theft did not constitute an occurrence and for the same reason the insurer owed no obligation to indemnify insureds.

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