3rd Circ. Gives Nationwide Win In Title Insurance Fight

Law360, New York (July 24, 2012, 6:11 PM EDT) -- Nationwide Life Insurance Co. notched a win Tuesday as the Third Circuit ruled that a clause in a title policy it held on a Philadelphia mall property didn't clearly preclude coverage for loss arising from restrictions on the land's sale, according to an opinion published Tuesday.

Affirming a lower court decision, a three-judge panel of the U.S. Court of Appeals for the Third Circuit said Commonwealth Land Title Co. failed to put language in its policy that expressly excluded coverage and that a reference to an...
To view the full article, register now.