December 22, 2014
Former executives at a failed Arizona bank have settled an $11 million Federal Deposit Insurance Corp. lawsuit accusing them of misconduct, while reaching a related deal over Progressive Casualty Insurance Co.'s bid to deny coverage for the regulator's claims, according to documents filed Monday in federal court.
September 16, 2013
A federal judge on Friday questioned Progressive Casualty Insurance Co.'s effort to avoid covering former executives of a failed Arizona bank who face Federal Deposit Insurance Corp. misconduct claims, this after the insurance company's suit was branded a violation of bankruptcy law.
February 05, 2013
Progressive Casualty Insurance Co. on Monday sued the Federal Deposit Insurance Corp. and former executives of a failed Arizona bank, saying policy exclusions should bar it from covering the FDIC's $11 million suit accusing the bank's leaders of misconduct.