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Insurers Prevail In $75M Coverage Suit Over Bank's FCA Deal

By Jeff Sistrunk (June 27, 2017, 4:48 PM EDT) -- A Tennessee federal judge has ruled that First Tennessee Bank NA's insurance carriers don't have to shell out their $75 million in limits to cover part of the bank's $212.5 million False Claims Act settlement in 2015, finding that First Tennessee provided insufficient notice to the insurers of the circumstances that led to the deal....

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