Federal Judge Says Bank's Losses Not Covered By Insurance Policy

ST. PAUL, Minn. - A federal judge in Minnesota on Sept. 23 found that a Highland Bank's losses related to an equipment lease are not covered by its financial institution bond with BancInsure Inc., granting the insurer's motion for summary judgment in a declaratory action (BancInsure Inc. v. Highland Bank, No. 11-2497, D. Minn.; 2013 U.S. Dist. LEXIS 135299).

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