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Litigation and Other Contingencies
12 Months Ended
Dec. 31, 2019
Other Liabilities Disclosure [Abstract]  
Litigation and Other Contingencies LITIGATION AND OTHER CONTINGENCIES

The Company and its subsidiaries are, from time to time, parties to various legal proceedings arising out of their businesses. Management believes there are no such legal proceedings pending or threatened against the Company or its subsidiaries in the ordinary course of business, directly, indirectly, or in the aggregate that, if determined adversely, would have a material adverse effect on the business, consolidated financial condition, results of operations or cash flows of the Company or any of its subsidiaries.

As previously reported, in connection with its acquisition of Trinity/LANB, the Company, as successor-in-interest to Trinity, was a party to certain consolidated proceedings pending in the First Judicial Circuit Court for the State of New Mexico, styled Trinity Capital Corporation, et al v. Atlantic Specialty Ins. Co., et al. The lawsuit sought declaratory relief, defense costs, and damages related to claims for bad faith breach of insurance contracts and violations of New
Mexico insurance statutes. In January 2020, the parties settled all pending matters related to the pending claims and lawsuit, and proceeds were received by the Company in connection with this settlement. In addition, the pending proceedings were dismissed on January 31, 2020.