Cyber Liability · November 15, 2016

What is Deceptive Funds Transfer?

Eric Mauriello

Partner, PBI Group — Cyber Insurance Lead

What is Deceptive Funds Transfer?

Here is a good example of Deceptive Funds Transfer is it is explained in this Claims Scenarios from Victor O. Schinnerer & Company, Inc.: http://schinnerer.com/cyber/deceptive-transfer-insurance/

It is always a pleasure to work with PBI Group to obtain my real estate E&O insurance for my Texas agency. Mr.

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Paul Bondy is very knowledgeable about the products and our company, assists me every time I call, and prompt in handling any and all issues. He, along with PBI Group, makes my job much easier.

Renewing our real estate E&O Insurance was made very easy by Paul at PBI Group. He sent the renewal form and then a gentle reminder when he didn't have it back

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within a couple of weeks. He was available and answered my questions quickly. I will definitely go back to PBI Group when the time comes to renew our E&O insurance policy.

I really enjoyed working with Paul on this year’s real estate E&O insurance renewal.

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The most important result of the process was that Paul provided me with some real insight on real estate E&O coverage. I had been chasing lower premiums, being aggressive with agents on each renewal cycle. I thought I was doing a good job for our firm by saving money. I realize now that I was shortchanging our principal and our agents by not getting the most coverage for every premium dollar paid. Thanks Paul. We are in a much better place now

I had the pleasure of working with Paul Bondy and PBI Group over the past few years on the E&O Insurance for my offices as well as several other offices in the

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Colorado Keller Williams region. With the guidance of my legal counsel, sixteen market centers decided to aggregate their purchasing power. We secured and reviewed E&O quotes through five different E&O insurance companies, and ultimately selected PBI Group. We chose to work with Paul because of his extensive knowledge of the product, his availability, and his ability to save us money on our premiums. I should note that we also hired an E&O coverage attorney as a consultant to review all of our quotes, and PBI Group's policy was determined to be the most complete/comprehensive.

I have worked with Paul Bondy of PBI Group for many years when selecting E&O coverage for my Wisconsin brokerage and have always been treated fairly and

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respectfully. I was given many options for coverage at renewal time and was never pushed in one direction. When I had questions about various elements of coverage, they were answered in detail, and to my satisfaction. I had the feeling that my best interests were at the heart of the matter! Additionally, my calls and emails were always responded to lightening fast! I would welcome the opportunity to share my experience with anyone considering this company, and I recommend them to anyone who needs real estate E&O insuarnce without reservation.

Paul was super knowledgeable and was happy to explain everything I needed to know to make an informed decision regarding our real estate E&O insurance.

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He was patient and very quick to respond whenever I contacted him. Also, the policy wound up being less expensive with WAY better coverage than our next best quote! It was a no-brainer!

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