forgery insurance

Banc of California National Association v. Federal Insurance Company (9th Cir. Dec. 12, 2022, No. 21-56179) 2022 WL 17583056

This dispute stemmed from a forgery insurance policy that the defendants carrier issued to GMSR’s client, a bank.  After purchasing the Policy, the bank made a fifteen-million-dollar loan in reliance on a document later determined to be forged.  After the bank contacted its forgery insurer

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