Insolvent Insurer’s Liquidator Denies Bank’s Allegations In Reimbursement Lawsuit

Mealey's (July 26, 2018, 10:52 AM EDT) -- LOS ANGELES — In a California federal court, the liquidator of an insolvent medical professional liability insurer on July 16 answered a bank’s lawsuit seeking reimbursement under a letter of credit issued to the insurer to stay enforcement of an underlying $2.5 million medical malpractice judgment (MUFG Union Bank, N.A. v. Steven C. Taylor, No. 18-02772, C.D. Calif.)....