Banc of California National Association v. Federal Insurance Company

  1. January 10, 2024

    Chubb Unit, Bank Settle $15M Scam Coverage Row

    A Chubb unit and a California banking company settled their dispute over coverage for a $15 million loss the bank suffered after granting a loan to a woman posing as an heir to aerospace giant McDonnell Douglas Corp., the parties told a federal court Wednesday.

  2. August 14, 2023

    Bank Denied Early Win In $15M Scam Coverage Fight

    A bank's request for a quick win in a coverage dispute over the loss of $15 million it loaned to a woman pretending to be an aerospace giant's heir was denied, with a California federal judge saying questions of material fact remain.

  3. June 29, 2023

    Chubb Unit Says Bank Can't Get Early Win In $15M Scam Fight

    A Chubb unit urged a California federal judge to reject a bank's request for a quick win in a dispute over the bank's $15 million loss after a woman pretended to be an aerospace giant's heir, saying evidence clearly shows that the bank did not issue the loan in good faith. 

  4. May 30, 2023

    Chubb Unit Must Cover $15M Scam, Bank Says After Revival

    A Chubb unit must cover a bank's $15 million loss after a woman pretended to be an aerospace giant's heir, the bank told a California federal court in a bid for a quick win at the trial court after the Ninth Circuit reversed a win for the insurer.

  5. September 23, 2021

    Chubb Unit Off The Hook For Bank's $14M Scam Loss

    A Chubb insurance unit does not need to cover Banc of California's $14 million loan loss after a woman allegedly scammed the bank by pretending to be the daughter of an heir to aerospace giant McDonnell Douglas Corp, a California federal judge said Thursday.

  6. March 23, 2021

    Calif. Bank Says Insurer Should Pay For $14M Loss To Grifter

    Banc of California has urged a federal judge to hold that an insurance company wrongfully denied it coverage in a suit over its $14 million loan loss, after a woman scammed the bank by pretending to be the daughter of an heir to aerospace giant McDonnell Douglas Corp.

  7. November 17, 2020

    Insurer Seeks Win In Calif. Bank's $14M Grifter Loss Coverage

    Federal Insurance Co. told a California federal judge that it is not on the hook for Banc of California's "self-inflicted" $14.2 million loan loss after a woman scammed the bank by pretending to be the daughter of an heir to aerospace giant McDonnell Douglas Corp.