Chubb faces over $2 million D&O claim from ex-CEO of fleet leasing firm
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Fleet lessor Orix Australia Corp. Ltd.’s former CEO John Carter has sued insurer Chubb Ltd. in Australia to recoup $3.2 million Australian ($2.3 million) in legal costs spent defending a corruption case that was dropped in 2019, Canberra Times reported. Mr. Carter claims that Chubb is liable to pay for his legal costs under the directors and officer liability insurance policy; however, Chubb argues it can refuse coverage due to fraudulent omissions made by Mr. Carter in relation to the case in which he was accused of paying corrupt commissions to Coca-Cola Amatil.
