Insurer In Rehabilitation Seeks $35.6M For Breach Of Contract By Loan Borrower

(October 6, 2020, 10:47 AM EDT) -- RALEIGH, N.C. — On Oct. 2, a health insurer in rehabilitation filed a complaint in a North Carolina federal court, seeking to recover $35.6 million minus partial payments from a borrower of a loan agreement for the borrower's breach of contract (Colorado Bankers Life Insurance Company v. Tybee Island Asset Management, LLC, et al., No. 20-520, E.D. N.C.)....

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