9th Circ. Revives Bank’s $15M Scam Coverage Suit

By Emily Enfinger (December 13, 2022, 3:04 PM EST) — The Ninth Circuit reversed a Chubb unit’s win in a coverage suit over a bank’s near $15 million loss after a woman pretended to be an aerospace giant’s heir, saying the forged document used to obtain a loan satisfies the first of six elements required to obtain coverage….

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