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OneBeacon Midwest Insurance Company et al v. The Federal Deposit Insurance Corporation
Case Number:
2:12-cv-00106
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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March 10, 2014
Ga. Court Throws Wrench Into FDIC D&O Insurance Battles
A Georgia federal court last week added a new step for insurers to take before they can head to court to challenge directors and officers coverage for the Federal Deposit Insurance Corp.'s litigation over bank failures, a peculiar ruling that attorneys warned could drive up costs for insurers.
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March 07, 2014
OneBeacon Can't Battle FDIC In Ga. Over D&O Coverage
A Georgia federal judge on Wednesday held for the second time that a 1989 federal law blocked him from deciding whether OneBeacon Midwest Insurance Co. owed coverage for the Federal Deposit Insurance Corp.'s claims that former directors and officers of a failed bank caused $15 million in losses.