Evanston Must Defend Title Co. In Fraud Suit: 4th Circ.

Law360, New York (February 19, 2014, 6:56 PM EST) -- The Fourth Circuit ruled Wednesday that Evanston Insurance Co. has a duty to defend and indemnify Cornerstone Title & Escrow Inc. in an underlying suit launched by the Maryland attorney general accusing Cornerstone of scheming to defraud homeowners on the brink of foreclosure.

A three-judge panel of the Fourth Circuit reversed and remanded a Maryland federal court’s decision holding that at least two exclusions in the professional liability policy issued to Cornerstone barred coverage for the underlying action, which alleged it was part of an equity-stripping...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Cornerstone Title & Escrow, In v. Evanston Insurance Company


Case Number

13-1318

Court

Appellate - 4th Circuit

Nature of Suit

4110 Insurance

Date Filed

March 12, 2013

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.