Bank Opposes New Trial On Alleged Breach Of Duties For Reinsurance Trust

Mealey's (June 16, 2020, 12:46 PM EDT) -- COLUMBIA, S.C. — U.S. Bank National Association on June 15 asked a South Carolina federal judge to deny an insurer’s request for a new trial to amend or alter a judgment that found that the bank is not liable to the insurer for claims and damages arising out of an alleged breach by the bank of its duties as trustee of a reinsurance trust for an insolvent insurance company (Accident Insurance Company Inc. v. U.S. Bank National Association, et al., No. 16-2621, D. S.C.)....