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Lloyd's Must Cover $10M Deal In Omni Execs Suit: 11th Circ.

By Ryan Boysen (January 23, 2018, 9:37 PM EST) -- Lloyd's of London can't duck a $10 million payout to settle claims that executives of insured Omni National Bank spearheaded a risky program to renovate foreclosed properties instead of selling them, the Eleventh Circuit said Tuesday, affirming a lower court's ruling that exclusions cited by the insurer don't apply....

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