Insurer, Bank Settle Dispute Over Reinsurance Funds Mishandling

(February 6, 2018, 1:36 PM EST) -- COLUMBIA, S.C. — An insurer and a bank filed a joint status report on Feb. 5 informing a South Carolina federal judge that they have reached a tentative settlement over accusations that the bank mishandled reinsurance funds (Companion Property and Casualty Insurance Co. v. U.S. Bank National Association v. Redwood Reinsurance Spc. Ltd., et al., No. 15-01300, D. S.C.)....