April 10, 2017
A South Carolina federal judge on Friday refused to stop the turnover of an insurer's financial documents, but allowed the insurer to vet the information first, in a case alleging U.S. Bank NA negligently allowed two reinsurance companies to replace $180 million in assets held in trust accounts with worthless and highly illiquid assets.
March 24, 2015
A South Carolina insurer has sued U.S. Bank NA in federal court, accusing the bank of negligently allowing two reinsurance companies to replace $180 million in assets held in trust accounts with worthless and highly illiquid assets.