BancInsure Inc.’s Receiver: There Is No Direct Action For Damages Against D&O Insurer

Mealey's (January 13, 2021, 7:14 AM EST) -- OKLAHOMA CITY — BancInsure Inc.’s receiver argues in a Dec. 15 sur-reply to an Oklahoma federal court that its declaratory judgment action against a directors and officers insurer should not be dismissed because his suit is not a “direct action” to recover money damages against an insurer....