Liquidator:  Right Exists To Pursue Coverage From Excess Insurer On Wrongful Acts Claim

Mealey's (December 11, 2020, 1:34 PM EST) -- SIOUX FALLS, S.D. — The liquidator of ReliaMax Surety Co. (RSC) argues in a Dec. 8 reply and opposition brief to a South Dakota federal court that he “has a perfect right” as the surety’s statutory successor to seek a declaratory judgment regarding coverage under an excess insurance policy above a directors and officers (D&O) policy concerning coverage for a $21 million wrongful acts claim (Larry Deiter v. XL Specialty Insurance Co., No. 20-3009, D. S.D.)....