First National Bancorp, Inc. et al v. StarNet Insurance Company
Case Number:
2:22-cv-00033
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Firms
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August 03, 2022
Banks, Insurer To Settle Fraudulent Transfer Coverage Row
First National Bancorp Inc., its Montana subsidiary and their insurer reached a tentative settlement Wednesday to resolve a federal dispute over coverage of $900,000 in losses stemming from a fraudulent wire transfer.
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May 10, 2022
Banks Say Insurer Must Cover Fraudulent Wire Transfer
An insurer must provide coverage to First National Bancorp and its Montana subsidiary and pay more than $900,000 for a fraudulent wire transfer, the banks told a Montana federal court, saying they did not breach any conditions of coverage by returning the wire amount to a customer.