Insured Asks 6th Circuit To Reverse No Coverage Ruling For $212M FCA Settlement

Mealey's (April 20, 2018, 7:59 AM EDT) -- CINCINNATI — A bank insured recently asked the Sixth Circuit U.S. Court of Appeals to reverse a lower federal court’s ruling that denied it $75 million in insurance coverage for the $212.5 million settlement of an underlying False Claims Act (FCA) investigation into its underwriting of government-backed mortgages (First Horizon National Corp. v. Houston Casualty Co., Nos. 17-5767 and 17-5844, 6th Cir.)....