Insurer Appeals SunTrust Win Over Loan Default Coverage

Law360, New York (June 26, 2012, 6:13 PM EDT) -- United Guaranty Residential Insurance Co. on Friday denounced a Virginia federal judge’s $40 million award to SunTrust Mortgage Inc. in a battle over coverage of defaulted loans, arguing in an appeal to the Fourth Circuit that SunTrust's “breathtaking windfall” was secured through deception. 

In a brief filed Friday, North Carolina-based United Guaranty attacked the lower court’s decision to disregard its allegations that SunTrust doctored emails and covered up evidence in the coverage fight over defaulted residential loans issued by SunTrust in 2006 and 2007, contending that...
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