October 27, 2023
Pacific Western Bank and its insurers told a California federal court that they resolved and agreed to toss a dispute over coverage for $18.6 million that the bank spent to defend and settle an underlying lawsuit brought by Florida regulators.
July 28, 2022
A bank seeking coverage for $18.6 million it spent to defend and settle a lawsuit by Florida regulators must turn over documents it withheld from an AIG unit, a California federal judge ruled Wednesday.
June 16, 2022
A bank seeking $18.6 million in coverage for what it spent on a lawsuit with Florida financial regulators must produce scores of documents related to that underlying litigation, AIG told a California federal court, arguing insurers need that information to determine their coverage obligations.
February 22, 2022
An AXA insurance unit must remain in a coverage dispute over a bank's $18.6 million bill to settle a lawsuit alleging the bank helped conceal an insurer's financial condition from Florida regulators, the bank told a California federal court, saying the insurer incorrectly argued it only covers amounts over $20 million.