Bank Argues Affirmative Defenses Against Claims Over Reinsurance Trust Mishandling

(November 7, 2017, 11:19 AM EST) -- COLUMBIA, S.C. — In response to negligence and breach of contract claims against a bank for its role as trustee of a reinsurance trust with an insolvent insurer, the bank asserts affirmative defenses in a Nov. 2 answer and counterclaim in South Carolina federal court (Accident Insurance Company Inc. v. U.S. Bank National Association, et al., No. 16-2621, D. S.C., 2017 U.S. Dist. LEXIS 159628)....

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