Insurer Lodges Appeal In D&O Spat With Failed Bank

Law360, New York (March 23, 2010, 5:37 PM EDT) -- Specialty insurer BancInsure Inc. has appealed a court’s determination that it is still liable for directors and officers claims concerning the failed The Columbian Bank and Trust Co., despite the insurer’s argument that coverage was cut off when the bank was put under receivership.

The Oklahoma City-based insurer filed a notice of appeal on Monday in the U.S. District Court for the District of Kansas, asking the U.S. Court of Appeals for the Tenth Circuit to weigh in on the ruling concerning the bank, which is...
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