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Zurich American Insurance Company et al v. Chevron U.S.A. Inc. et al
Case Number:
3:24-cv-02733
Court:
Nature of Suit:
Judge:
Firms
- Clyde & Co
- Dentons
- Grasso Moeller
- McGuireWoods
- Mound Cotton
- Nicoletti Hornig
- Wiggin & Dana
- Wilson Elser
Companies
- Chevron Corp.
- Fidelis Inc.
- Fidelis Underwriting Ltd.
- Great American Insurance Co.
- Liberty Mutual Insurance Group
- Zurich Insurance Group AG
Sectors & Industries:
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April 21, 2026
Chevron's $52M Iran Oil Loss Not Covered, Insurers Say
Primary insurers for Chevron urged a California federal court to find that they owe no coverage for nearly $52 million worth of crude oil that was taken by the Iranian government in March 2024, saying their combined marine cargo and war risks policy does not cover losses caused by confiscation.
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May 08, 2024
Chevron's $52M Iran Oil Seizure Loss Not Covered, Court Told
Three insurers have told a California federal court they owe no coverage to Chevron under separate marine cargo and war risks policies after the oil giant said the Iranian military seized a vessel carrying nearly $52 million worth of Chevron's crude oil in retaliation for U.S. economic sanctions.