Insurer Ducks Duty To Indemnify Lender In $100M Project Row

Law360, New York (January 14, 2013, 4:05 PM EST) -- A Wisconsin federal judge on Friday determined First American Title Insurance Co. does not have a duty to indemnify a lender in a dispute over a bankrupt developer's failed $100 million real estate project, but said the insurer still breached its defense duty.

U.S. District Judge William M. Conley, revisiting a pair of November 2011 rulings in light of new facts and the determinations of a Missouri bankruptcy court, found that an exclusion in a First American insurance policy issued to BB Syndication Services Inc. for...
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