2 Insolvent Insurers Seek $12.5M Under Loan Agreement From Borrower

(October 5, 2020, 2:28 PM EDT) -- RALEIGH, N.C. — Two insurers in rehabilitation filed a complaint on Oct. 2 in a North Carolina federal court seeking $12.5 million from a borrower under a loan agreement (Colorado Bankers Life Insurance Company, et al. v. Academy Financial Assets, LLC, et al., No. 20-517, E.D. N.C.)....

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