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Insurers Must Cover Ex-RCAP Execs' Defense Costs

By Mike Curley (August 21, 2020, 2:53 PM EDT) -- A New York appeals court has found that Westchester Fire Insurance Co., Aspen American Insurance Co. and RSUI Indemnity Co. must pay defense costs incurred by five former executives for RCAP Holdings LLC in a suit by the bankrupt company's litigation successor, reversing course from its own May opinion....

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