August 19, 2011
A Virginia federal judge on Friday awarded SunTrust Mortgage Inc. more than $34 million in damages, along with nearly $6 million in prejudgment interest, for United Guaranty Residential Insurance Co. of North Carolina's failure to cover certain defaulted loans.
May 13, 2011
A Virginia federal judge ruled Friday that a United Guaranty Corp. unit owes SunTrust Mortgage Inc. coverage for certain defaulted loans but left the amount of damages resulting from the insurer's denial of that coverage to be determined at trial.
April 27, 2011
A Virginia federal judge ruled Tuesday that a United Guaranty Corp. unit breached an insurance contract by refusing to provide SunTrust Mortgage Inc. coverage for certain defaulted loans, while separately ordering SunTrust to make renewal premium payments.