Judge Rules Against Insurers In Suit Over Aircraft Leased To Russia Airlines

(August 12, 2024, 8:34 AM EDT) -- SAN FRANCISCO — A California judge denied insurers’ motion for summary judgment in insureds’ lawsuit seeking coverage for its $127,810,258.48 in losses arising from aircraft that was leased to Russian airlines and not returned following Russia’s invasion of Ukraine, concluding that the insurers have failed to demonstrate that the insureds did not suffer a physical loss under the policy’s aircraft hull coverage....