Fiserv Insurers Sued Over BofA Title Claims Coverage

Law360, New York (June 23, 2011, 1:41 PM EDT) -- Technology firm Fiserv Solutions Inc. sued its insurers on Wednesday in Wisconsin for failing to defend it from professional liability claims arising from Bank of America NA's coverage suit over $530 million of title insurance claims on defaulted mortgages.

Fiserv said Westchester Fire Insurance Co., a member of ACE Group, promised to defend the company under a $10 million policy shortly after it was named as a third-party defendant in the bank's suit last year. But the insurer, along with several of Fiserv's excess insurers, have...
To view the full article, register now.