Tag: Title Insurance

Court Warns Title Insurance Companies: Pay Up Or Else

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Update (December 17, 2012): In Mattson Ridge v. Clear Rock Title, the Minnesota Supreme Court declined to hold a title insurer liable for damages in excess of policy limits when it wrongfully denied coverage. The Court did, however, stick the title insurer with a whopping bill: One over 100 times greater than it would have been…

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A Minnesota First: Court Addresses When Duty To Indemnify Arises Under Title Insurance Policy

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In a case of first impression in Minnesota, District Court Judge Ann Montgomery ruled on an important question in title insurance circles: When is a lender’s loss under a title insurance policy measured? This decision, in Associated Bank v. Stewart Title, is important (and worth watching for appeals) not only because it is the first Minnesota case to address the…

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