Law360, New York (March 18, 2010, 7:29 PM ET) -- Bank of America NA has sued First American Title Insurance Co. for refusing to cover hundreds of title insurance claims related to defaulted home loans that have cost the bank $530 million.
Bank of America alleged First American and its subsidiary United General Title Insurance Co. improperly denied coverage for 2,200 claims and dragged their feet on 2,300 others, in a complaint filed March 5 in the Superior Court of North Carolina, Mecklenburg County.
Bank of America issued the home equity loans and lines of credit...
BofA Sues For Coverage Of 4,500 Title Defect Claims
To view the full article, take a free trial now.
