April 10, 2023
An insurer and a bank reached an agreement in their dispute over whether the bank's settlement with a car dealership regarding outstanding loan payments is covered under its directors and officers liability insurance policy.
September 26, 2022
An insurer said a bank that settled an underlying suit with a car dealership over outstanding loan payments isn't entitled to coverage, telling an Oklahoma federal court that the bank failed to prove it suffered a covered loss when it didn't provide the insurer information it requested about the settlement.