After the loss, AIG paid its $2,500,000.00 policy limit under the Fraudulently-Induced Payment Coverage, acknowledging that Baird’s loss was covered. Chubb, however, denied coverage, asserting that White Lake “did not contract with Baird to provide goods and services,” and therefore was not a “Vendor Requestor” as required by the policy, and that there was no “Fraudulent Instruction.” Baird responded that, as a financial institution, the goods it deals in are financial instruments and the services it provides are financial ones, and argued that Chubb’s denial rendered the coverage meaningless for its business.