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SVB, Insurers Spar Over Policy Language In $73M Fraud Row
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SVB, Insurers Spar Over Policy Language In $73M Fraud Row

law360
3 months ago
Insurers for the failed Silicon Valley Bank are not entitled to a quick win in a $73 million fraud coverage dispute, the bank and its receiver told a North Carolina federal court, saying the carriers' interpretation of the financial institution bonds' extended forgery provision is not supported by policy language.

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