Ambiguous Bond Terms Net FDIC Win In SVB Coverage Fight

By Danielle Ferguson · October 1, 2026, 4:38 PM EDT

Two insurers must provide coverage to the Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank, for the bank's claim for losses from a $73 million fraud scheme, a North...

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Case Information

Case Title

SVB Financial Group et al v. Federal Insurance Company et al

Case Number

5:23-cv-00095

Court

North Carolina Eastern

Nature of Suit

Insurance

Date Filed

February 27, 2023