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CUMIS Specialty Insurance Company paid $3.2 million in legal defense fees, court costs and vendor expenses for former Melrose Credit Union President/CEO Alan Kaufman when he was indicted and later convicted on two counts of bribery.

The disgraced credit union executive is now embroiled in lawsuits with the Madison, Wis.-based CUMIS, which asked a New York federal judge to declare that the insurance company is no longer obligated to continue to pay Kaufman’s legal bills while his conviction and prison sentence is being appealed. He is free on bail pending the outcome of the appeal.

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Peter Strozniak

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