Judicial Insight

Money & Corp · California Court of Appeal

Oct 1, 2026 · B343113 · Appeal

A jet owner and an insurance rep stand next to a private jet, in dispute.AI illustration

Should an insurance company cover a jet bought with stolen money?

The insurer debates covering a jet purchased with stolen funds.

TL;DR

  1. 1A company insured a jet not knowing stolen money funded its purchase.
  2. 2The insurer found out the truth after a government seizure.
  3. 3Now, the insurer wants to cancel the policy based on hidden facts.

Appeal

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Can the insurer cancel the policy over the stolen funds used?

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