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AmSOUTH BANK v. FLORIDA DEPT. OF INS.

No. 1D99-3330.

774 So.2d 747 (2000)

AmSOUTH BANK, Appellant, v. FLORIDA DEPARTMENT OF INSURANCE as Receiver of Dealers Insurance Company, Appellee.

District Court of Appeal of Florida, First District.

Rehearing Denied December 29, 2000.

Attorney(s) appearing for the Case

Barry Richard of Greenberg, Traurig, P.A., Tallahassee; Larry B. Childs, Randall D. Quarles, Tracy H. Beauchamp of Walston, Wells, Anderson & Bains, LLP, Birmingham, Alabama, of counsel, for Appellant, AmSouth Bank.

Dennis K. Threadgill, Chief Attorney, Michael L. Berry, Senior, Staff Attorney, Florida Department of Insurance, Tallahassee; Helen Ann Hauser of Dittmar & Hauser, P.A., Coconut Grove, for Appellee.

PER CURIAM.

The Florida Department of Insurance ("the Department") was appointed receiver for Dealers Insurance Co. ("DICO") in September, 1994. Initially, the receivership was for conservation of DICO, but as of December, 1994, the purpose of the receivership was liquidation of the company. The Department as receiver sued AmSouth Bank ("AmSouth") for the loss of value of DICO between 1990 and 1994 resulting from alleged mismanagement and diversion of funds by DICO...

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