January 10, 2024
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.
August 14, 2023
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.
June 29, 2023
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.
May 30, 2023
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.
September 23, 2021
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.
March 23, 2021
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.
November 17, 2020
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.