Suit Says BancorpSouth Botched D&O Provider Switch

Law360, New York (June 26, 2009, 12:00 AM EDT) -- An Arkansas health care provider has launched a suit against BancorpSouth Insurance Services Inc. for allegedly mishandling a switch in insurance providers, opening up a gap in the company's directors and officers liability coverage.

Baptist Health filed a complaint on Thursday in the U.S. District Court for the Northern District of Mississippi, claiming the insurance broker negligently failed to advise it of risks involved in renewing a D&O policy with a different insurer without Baptist Health spelling out certain information on the renewal application.

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