Judge Denies Insolvent Insurer’s Bid For Defense Costs Based On Underlying Settlement

Mealey's (September 1, 2017, 11:15 AM EDT) -- KANSAS CITY, Kan. — A Kansas federal judge on Aug. 29 overruled an insolvent directors and officers (D&O) insurer’s request for litigation-related fees and costs pursuant to an underlying settlement agreement between a bank’s receiver and the bank’s directors and officers (BancInsure Inc. v. Carl L. McCaffree, et al., No. 12-2110, D. Kan., 2017 U.S. Dist. LEXIS 138629)....