Federal Judge Grants Insurer Extension In Liquidator’s $21M Wrongful Acts Suit

Mealey's (October 6, 2022, 5:36 PM EDT) -- SIOUX FALLS, S.D — A South Dakota federal judge granted an insurer’s request for an extension of time to respond to a motion by the liquidator of ReliaMax Surety Co. (RSC) to strike asserted affirmative defenses and for partial summary judgment in the liquidator’s suit seeking a declaratory judgment that coverage exists under a claims-made excess insurance policy above a directors and officers (D&O) policy with regard to a $21 million wrongful acts claim....