Arizona Panel Affirms Ruling In Insurer’s Favor In Suit Arising From Defaulted Loan

(June 29, 2022, 12:11 PM EDT) -- TUSCON, Ariz. — An Arizona appeals panel on June 28 affirmed a lower court’s ruling in favor of an insurer, as assignee of a bank, finding that an indemnification agreement obligates the appellants to reimburse the insurer for the costs it incurred in providing coverage to the bank for an underlying lawsuit arising from a defaulted loan....