Otherwise the court should just throw this out. It’s only 1.2m.
Hopefully, the judgement will be dismissed since it’s based on identity fraud.
Who in their right mind would insure Adidas (or any other internationally famous brand) for trademark infringement? You're almost guaranteed to pay out millions in "damages" per year.
I remember many years ago, the startup I worked for was required to have insurance as part of our funding round and it covered stuff like officers freaking out in public and all sorts of odd things I didn’t think was insurable.
Corporate insurance is pretty interesting in this regard.
And no matter who is insuring, in the US it’s probably reinsured by Marsh McClellan [1], a huge reinsurance firm.