Applying North Carolina law, a federal district court has held that an E&O insurance policy does not provide coverage for loss arising from social engineering fraud despite the fact that the insured’s negligence also contributed to the loss. Constr. Fin. Admin. Servs. LLC d/b/a CFAS v. Fed. Ins. Co., 2022 WL 2073824 (E.D. Pa. June 9, 2022).
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