Insurer, ShoreBank Execs Near Deal In $73M Coverage Fight
By Jeff Sistrunk ( October 28, 2015, 8:58 PM EDT) -- St. Paul Mercury Insurance Co. has reached a tentative settlement in its suit claiming it doesn't have to defend five former ShoreBank Corp. executives in a Federal Deposit Insurance Corp. action alleging their loose lending led to $73 million in losses and directly contributed to the bank's failure, according to court papers filed Tuesday....
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