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Bank sues title insurer for bad faith, negligence under CPL
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Court Report
Thursday, July 24, 2014
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After discovering that an issuing title agent prepared fraudulent documents in a mortgage transaction, an insured bank filed a claim with its title insurer under a closing protection letter. When the title insurer denied the claim, the bank sued for bad faith and negligence. The title insurer eventually moved to dismiss the claims.
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