7th Circuit May Clarify Rep & Warranty Insurer Duties

Law360, New York (May 16, 2017, 2:37 PM EDT) -- On May 23, 2017, the United States Court of Appeals for the Seventh Circuit will hear oral argument in a case involving allegations of bad faith and breach of contract against the issuer of a representation and warranty insurance (RWI) policy. In Ratajczak v. Beazley Solutions Ltd., No. 16-3418, the court will thus have a rare opportunity to address the scope of an RWI insurer’s duties to its policyholder, particularly in the context of settlement of an underlying claim.

The RWI market has experienced dramatic growth...
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