Tag: Federal Deposit Insurance

Activity, Insurance, Regulations

Lloyd’s Gets to Keep $3 Million Because FDIC Waited Too Long to Collect

August 25, 2020

Via: Insurance Journal

Lloyd’s of London does not have to pay the U.S. government’s Federal Deposit Insurance Corp. $3 million in judgment interest because the FDIC waited too long —18 months after a final judgment — to try to collect it. The action […]