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5th Circ. Upholds Axis Victory In NetSpend Insurance Row

By Jeff Sistrunk (July 16, 2015, 6:11 PM EDT) -- The Fifth Circuit on Thursday upheld a lower court's decision that Axis Insurance Co. has no duty to defend NetSpend Corp. in a bank's suit alleging that the prepaid debit card company failed to properly manage cardholder funds, as the policyholder did not promptly notify the insurer when the bank filed its first suit. ...

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