In Landings, Yacht, Golf, and Tennis Club v. Travelers Casualty and Surety Company of America, litigation began over coverage of unauthorized withdrawals. Travelers moved to dismiss the complaint, arguing the alleged wire fraud did not meet the crime policy requirements.
Remington, the gun manufacturer, did not settle a lawsuit over the mass murder which occurred at Sandy Hook, CT. Insurance companies did. Remington, the gun manufacturer, no longer exists.
A federal bankruptcy court in Alabama has approved insurance payments totaling $73 million by four insurers to the families of the victims of the Sandy