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4th Circ. Affirms $1M Appeal Bond Reimbursement Ruling

By Ganesh Setty ( January 15, 2025, 7:24 PM EST) -- Atain Specialty Insurance Co. must reimburse Liberty Mutual Insurance Co. for the $1 million appeal bond Liberty issued to an Atain insured that ultimately lost its appeal in an underlying suit, the Fourth Circuit ruled Wednesday, even though Liberty incorrectly indicated it previously closed the bond....

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