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7th Cir. Holds Bankers’ Professional Liability Policy Did Not Cover Excessive Fees Claims

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The U.S. Court of Appeals for the Seventh Circuit recently affirmed the dismissal of a bank’s lawsuit against its insurer for breach of contract and bad faith denial of coverage, holding that the insurance policy’s exclusion for any claim based upon or arising from fees or charges applied to the facts alleged. The bank argued

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Hector E. Lora


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