Insurers In Rehabilitation Seek $14.5M For Borrower's Breach Of Contract

(October 7, 2020, 1:31 PM EDT) -- RALEIGH, N.C. — Three insurers in rehabilitation filed an Oct. 2 complaint in a North Carolina federal court seeking to recover $14.5 million from a borrower under a loan agreement for the borrower's breach of contract in failing to make a first interest payment (Colorado Bankers Life Insurance Company, et al. v. Augusta Asset Management, LLC, et al., No. 20-518, E.D. N.C.)....

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