Judge Dismisses Suit Brought By Bank Against Insurer And Reinsurer

(December 3, 2015, 7:57 AM EST) -- ATLANTA — A federal judge in Georgia on Nov. 12 dismissed a suit brought by a bank claiming that an insurer and a reinsurer had committed wrongdoing related to the transfer of funds from a trust account (State Street Bank and Trust Company v. Canal Insurance Company, et al., No. 14-cv-02080, N.D. Ga.).

(Order closing case available. Document #12-151204-015R.)

State Street Bank and Trust Co. sued Canal Insurance Co., Canal Indemnity Co. (collectively, Canal), Golden Isles Reinsurance Co, Clifton Strickland Sr. and Lawrence F. Volk in...
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