Bank Seeks Contractual Indemnification Against Insurer Over Trustee Role

Mealey's (September 25, 2018, 1:57 PM EDT) -- COLUMBIA, S.C. — A bank sued for its role as trustee of a reinsurance trust for an insolvent insurer on Sept. 20 responded to an insurer’s first amended complaint in a South Carolina federal court and counterclaimed for contractual indemnification (Accident Insurance Company Inc. v. U.S. Bank National Association, et al., No. 16-2621, D. S.C.)....