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- Title
INSURED-VERSUS-INSURED EXCLUSION IN D&O INSURANCE POLICY BARRED COVERAGE FOR CLAIMS BROUGHT BY FDIC AS RECEIVER OF INSURED AGAINST BANK'S FORMER DIRECTORS AND OFFICERS.
- Authors
Banich, Terence G.
- Abstract
The article looks at the decision of the U.S. Court of Appeals for the Tenth Circuit in the case regarding the BancInsure, Inc. v. F.D.I.C. and FDIC provided BancInsure with notice of potential claims it intended to file against the bank's officers and directors. It mentions that directors and officers seeking a declaratory judgment that it owed no duty of coverage to the director defendants for claims brought by the FDIC with the motion for summary judgment.
- Subjects
BANCINSURE Inc.; FEDERAL Deposit Insurance Corp.; BANKING industry personnel; DECLARATORY judgments; SUMMARY judgments; ACTIONS &; defenses (Law)
- Publication
Banking Law Journal, 2016, Vol 133, Issue 1, p47
- ISSN
0005-5506
- Publication type
Article