Insurer:  Evidence Shows Need For New Trial Over Reinsurance Trustee's Breach

Mealey's (July 15, 2020, 9:11 AM EDT) -- COLUMBIA, S.C. — Accident Insurance Co. Inc. (AIC) argues in a July 13 reply brief filed in a South Carolina federal court that a bank breached its duties as trustee of a reinsurance trust for an insolvent insurer by failing to conduct a review of investment units before accepting them into the trust account (Accident Insurance Company Inc. v. U.S. Bank National Association, et al., No. 16-2621, D. S.C.)....