August 16, 2022
The First Circuit Court of Appeals rejected Rhode Island-based developer IDC Properties Inc.'s request for a rehearing of a dispute over coverage for the loss of development rights in a condo complex, upholding its July decision that partly favored Chicago Title Insurance Co.
August 08, 2022
Rhode Island-based developer IDC Properties Inc. has asked the First Circuit to reconsider its July decision favoring Chicago Title Insurance Co., arguing it should have won coverage for the loss of development rights in a condo complex based on the ambiguous language of a master deed.
July 22, 2022
A property developer won a partial reversal in its suit seeking coverage for condo units it lost ownership of, with the First Circuit finding that a title policy insured the company's rights to develop certain land even though it would become legally prevented from doing so.