A federal judge ruled that a unit of insurer Crum & Forster Inc. is liable only for covering $17 million in losses at a failed Louisiana bank, shaving $12 million off a December jury verdict against the firm. Crum & Forster is a unit of Xerox Corp.

The case involved claims brought by the Federal Deposit Insurance Corp. against the former officers and directors of the failed Bank of Commerce of Shreveport, La. A federal jury found in December that the officers and directors were grossly negligent in approving $29 million in loans that weren't repaid.

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