March 30, 2012
Allied Mortgage & Financial Corp. and Philadelphia Indemnity Insurance Co. on Friday resolved their dispute in Florida federal court over whether PIIC was liable to cover the insolvent mortgage firm for claims including negligent misrepresentation in underlying investor suits.
October 04, 2011
A Florida federal judge on Friday denied Philadelphia Indemnity Insurance Co.'s bid for a quick win in its suit against Allied Mortgage & Financial Corp. seeking to dodge professional liability coverage for investor actions, rejecting the insurer's reliance on a bankruptcy clause.
May 09, 2011
A judge on Monday declined to toss a lawsuit Philadelphia Indemnity Insurance Co. filed against Allied Mortgage and Financial Corp. in Florida to free itself from covering the insolvent company in investor actions asserting negligent misrepresentation and other claims.