BB Syndication Services, Incor v. First American Title Insuranc
Case Number:
13-2785
Court:
Nature of Suit:
Companies
Sectors & Industries:
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March 13, 2015
7th Circ. Denies Lender Coverage For Development Liens
The Seventh Circuit on Friday declined to grant insurance coverage for the emergence of contractor liens that wiped out the lender to a failed $118 million real estate development, deepening a split in the appellate courts on whether and when lenders deserve the blame for project failures.
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December 11, 2013
Insurer Owes Lender For Construction Liens, 7th Circ. Told
The lender to a failed $100 million real estate project urged the Seventh Circuit on Wednesday to order First American Title Insurance Co. to indemnify it against construction liens asserted in the developer's bankruptcy, arguing that the policy exclusion the insurer relies upon doesn't apply.