May 21, 2024
Great American Assurance owed no defense to a real estate appraiser for a disciplinary action over claims of an "egregiously inaccurate" valuation, an Indiana federal court ruled, finding that her failure to disclose the underlying claims in her insurance renewal application warranted rescinding the policy.
November 28, 2023
An insurer for a property appraiser was wrong to deny defense coverage for an underlying licensure action, stemming from a consumer complaint, for untimeliness when a late notification did not prejudice the insurer in any way, the appraiser told an Indiana federal court.