MBIA's D&O Policies Cover Probe Costs: 2nd Circ.
By Martin Bricketto ( July 1, 2011, 6:45 PM EDT) -- The Second Circuit ruled Friday that MBIA Inc. deserves coverage from Federal Insurance Co. and ACE American Insurance Co. under two $15 million directors and officers policies for costs related to government investigations and derivative lawsuits over alleged accounting misstatements....
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