Law360, New York (October 20, 2009) -- The Credit Union of Texas has fired back in Lyndon Property Insurance Co.'s suit for indemnification from over $6 million in claims on insurance policies covering subprime auto loans, claiming the insurer actually owes CUT over $12.5 million in first-party insurance benefits.
“This case concerns an insurance company‘s gross misconduct in underwriting and marketing insured subprime auto loans packaged with unified loan administration and insurance claim services; and processing and handling insurance...
