In Terral's second amended complaint, it added contribution and salvage claims. Underlying Terral's claims is the allegation that a fracture on the barge preexisted delivery of the barge to Terral and is estimated to be two to four weeks old. Terral then filed suit against SCF, alleging general maritime negligence, unseaworthiness, breach of contract, and indemnity. of Pittsburgh" on Justia LawĪfter SCF delivered its barge to a loading facility operated by Terral, the barge sank while secured at Terral's facility.
Fifth circuit court of appeals opinions code#
Finally, because RealPage is not entitled to coverage under the policies at issue, its arguments that the insurer breached Chapter 541 and 542 of the Texas Insurance Code by not timely paying its claims are similarly without merit. Furthermore, because the insurer's coverage was not exhausted, Beazley Insurance was also within its rights to deny coverage under RealPage's excess policy. Therefore, the insurer was within its rights to deny coverage of the stolen funds intended for RealPage's property manager clients. RealPage reimbursed its clients and filed claims under its commercial crime insurance policies for the stolen funds, but its primary insurer denied coverage.The Fifth Circuit affirmed the district court's grant of summary judgment in favor of the insurer, concluding that the funds RealPage lost were not covered losses because RealPage never "held" them. RealPage and Stripe recovered some of the stolen funds but lost about $6 million. employee clicked a fake link in a seemingly innocuous email and provided login information for RealPage's account with Stripe, Inc., a third party payment processor, phishers stole the login credentials and used them to divert millions of dollars in rent payments from tenants intended for RealPage's property manager clients.