Insurer Allowed To Deposit $20.5M In Interpleader Funds

Mealey's (June 5, 2020, 12:44 PM EDT) -- MINNEAPOLIS — A Minneapolis federal magistrate judge on June 3 permitted an insurer to deposit $20.5 million in excess collateral to interpleader funds so participants in an insurance-reinsurance program can litigate how the funds should be allocated (Benchmark Insurance Company v. SUNZ Insurance Company, et al., No. 20-908, D. Minn., 2020 U.S. Dist. LEXIS 97471)....