(May 10, 2021, 1:45 PM EDT) -- RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeals on May 7 rejected an insurer’s contention that it was injured by a captive insurer’s decision to defend its rivals against two underlying lawsuits, affirming a lower court’s finding that the insured has failed to demonstrate an injury that is fairly traceable to a breach of captive insurance rules....