Evanston Must Defend Title Co. In Fraud Suit: 4th Circ.

Law360, New York (February 19, 2014, 6:56 PM EST) -- The Fourth Circuit ruled Wednesday that Evanston Insurance Co. has a duty to defend and indemnify Cornerstone Title & Escrow Inc. in an underlying suit launched by the Maryland attorney general accusing Cornerstone of scheming to defraud homeowners on the brink of foreclosure.

A three-judge panel of the Fourth Circuit reversed and remanded a Maryland federal court’s decision holding that at least two exclusions in the professional liability policy issued to Cornerstone barred coverage for the underlying action, which alleged it was part of an equity-stripping...
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