8th Circuit: Insured’s Receiver Fails To State Claim Against D&O Insurer

( July 31, 2026, 1:30 PM EDT) -- ST. LOUIS — The Eighth Circuit U.S. Court of Appeals on July 30 affirmed a lower federal court’s dismissal of a breach of contract and vexatious refusal to pay lawsuit that an insured’s receiver brought against a directors and officers liability insurer in a coverage dispute arising from a defaulted loan, holding that the receiver failed to plausibly allege that two letters that he sent to the insurer constitute a claim under the D&O policy....