Insurer Must Cover Bank In Ethanol Plant Debacle: 7th Circ.

Law360, New York (September 6, 2012, 6:49 PM EDT) -- The Seventh Circuit reversed a title insurer's win against Home Federal Savings Bank on Thursday in a coverage dispute that arose after an ethanol plant developer defaulted on a $95 million loan, ruling an exclusion for claims created by the bank did not apply.

Ticor Title Insurance Co. unsuccessfully argued that Home Federal had "created, suffered, assumed or agreed" to a lien that general contractor placed on the ethanol production plant property to recover $6 million that developer Altra Indiana LLC allegedly owed for work on...
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