RSUI Fights Ch. 11 Coverage For Quality Home Loans

Law360, New York (August 4, 2010, 5:02 PM EDT) -- Insurer RSUI Indemnity Co. is fighting Quality Home Loans Inc.'s attempt to receive coverage for its Chapter 11 claims, accusing the bankrupt home mortgage lender and its directors of hoodwinking RSUI at the time the policy was signed.

RSUI filed a complaint Monday in the U.S. Bankruptcy Court for the Central District of California, saying Quality Home's directors knew the company was potentially breaching its fiduciary duties when it first signed up for a policy with RSUI.

QHL is seeking coverage for claims arising from its...
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