Liquidator Amends Complaint In Coverage Suit Arising From $21M Wrongful Acts Claim

Mealey's (April 13, 2021, 9:09 AM EDT) -- SIOUX FALLS, S.D. — The liquidator of ReliaMax Surety Co. (RSC) on March 23 again amended his complaint seeking a declaratory judgment that coverage exists under a claims-made excess insurance policy above a directors and officers (D&O) policy with regard to a $21 million wrongful acts claim, seeking a $10 million judgment against the insurer minus credits provided for by the underlying judgment plus compensatory and punitive damages to be determined at trial....