Wednesday, March 04, 2015

Eighth Circuit: BancInsure, Inc. v. Highland Bank

Although forged signature was a but-for cause of bad loan, insurance company  is not bound to cover under the forgery provisions of the policy, as the forgery wasn't a proximate cause of the ultimate loss.

BancInsure, Inc.  v.  Highland Bank

Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.