October 21, 2022
A Southern California city and an AIG unit have settled their dispute over whether the city has insurance coverage for millions it lost in an embezzlement scheme perpetrated by former officials, the sides told a California federal court, staving off a trial that was set for next month.
August 09, 2022
A California federal judge refused to let National Union Fire Insurance Co. of Pittsburgh, Pa. off the hook for a city's losses in an embezzlement scandal by local officials, finding that the insurer hadn't shown the city was seeking coverage for the officials' self-dealing.
July 13, 2022
A California city seeking coverage for $60 million in losses it says were caused by longtime employees told a California federal court that its insurer has engaged in "an endless coverage investigation" instead of accepting or denying the claim.
July 01, 2022
The insurer of a California city said its policy doesn't cover the more than $50 million in losses allegedly caused by longtime employees because officials were aware that they were in violation of state law before the policy was purchased.