Chevron, Insurers Settle $52M Iran Oil Seizure Dispute

By Elaine Briseño · September 9, 2026, 9:06 PM EDT

Three insurers have reached a settlement with Chevron over whether their separate marine cargo and war risk policies covered nearly $52 million worth of crude oil the Iranian military seized in...

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Case Information

Case Title

Zurich American Insurance Company et al v. Chevron U.S.A. Inc. et al

Case Number

3:24-cv-02733

Court

California Northern

Nature of Suit

Insurance

Date Filed

May 07, 2024