Borrower Counterclaims For Breach Of Contract, Duty Against Insolvent Insurer

(September 21, 2020, 1:57 PM EDT) -- RALEIGH, N.C. — A borrower in a loan and security agreement on Sept. 17 answered an insolvent insurer's breach of contract complaint and filed counterclaims in the North Carolina federal court action for breach of contract, bad faith and breach of fiduciary duty (Colorado Bankers Life Insurance Company v. TAC Investments, LLC, No. 20-453, E.D. N.C.)....