On September 23rd, the Eleventh Circuit addressed the scope of an insurance policy. Plaintiff sold interests in real estate developments to participating banks under a loan participation sale and servicing agreement. After the borrower defaulted, plaintiff paid the participating banks the difference between the foreclosure price and their participation amount. It then sought coverage from its liability insurer. The Eleventh Circuit held that the payments for which the plaintiff seeks indemnification are monies due as the result of a loan and are excepted from the definition of loss. Southwest Georgia Financial Corp. v. Colonial American Casualty and Surety Co. (Unpublished).