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5th Circ. Says IberiaBank Not Covered For $11.7M FCA Deal

By Jeff Sistrunk (March 19, 2020, 3:19 PM EDT) -- The Fifth Circuit on Wednesday affirmed that units of Chubb Ltd. and Travelers don't have to cover IberiaBank Corp.'s $11.7 million settlement of federal regulators' accusations that it procured Federal Housing Administration insurance for borrowers under false pretenses, saying the deal falls outside the bank's professional liability coverage....

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