After that judgment was handed down, Chubb filed a counterclaim arguing that, by paying the claim, it acquired property rights in the aircraft, including salvage and subrogation rights. The insurer relied on policy language that allows it to take covered aircraft as salvage where a claim is settled as a “total loss, constructive total loss or arranged total loss.”
Chubb wins first round in aircraft seizure dispute with Carlyle
By Awais
