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Title insurer seeks arbitration of alleged fraud claims
Posted Date: Wednesday, October 4, 2023
After a title insurer and its employee were sued for allegedly participating in a fraudulent scheme, they moved to compel arbitration. A trial court denied their motion, so they appealed to the Court of Appeals of Utah.
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Former employees seek dismissal of employer’s trade secrets suit
Posted Date: Monday, August 7, 2023
A Florida title agency sued three former employees and their new employer, seeking damages for lost business after the employees allegedly used the agency’s confidential information to solicit business for their new employer. The former employees and their new employer seek to dismiss an amended complaint against them.
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FinCEN issues notice to extend BOI filing deadline
Posted Date: Wednesday, September 27, 2023
The Financial Crimes Enforcement Network issued a Notice of Proposed Rulemaking to extend the deadline for certain reporting companies to file their beneficial ownership information reports.
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Arizona sheriff warns of real estate scam
Posted Date: Sunday, October 1, 2023
The Yavapai County, Ariz., Sheriff’s Office warned the public and local real estate agencies of a scam that has recently been reported to them.
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Title insurer argues insured brought claims too late
Posted Date: Wednesday, October 4, 2023
A title insurer moved to dismiss a first amended complaint against it regarding coverage for a notice of abatement. The insurer argued the claims were time barred under the statute of limitations.
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Oklahoma Insurance Department announces enhanced NIPR CE services
Posted Date: Wednesday, October 4, 2023
The Oklahoma Insurance Department announced improvements in continuing education (CE) services for insurance professionals. It said the National Insurance Producer Registry is in the final stages of launching an upgraded CE user experience.
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Parties dispute coverage for debt for nature conservation contract
Posted Date: Sunday, October 1, 2023
A buyer purchased hundreds of acres of property out of bankruptcy, as well as title insurance to cover the property, and later entered into a timber agreement to cut timber on part of the property. The previous owner had entered into a debt for nature conservation contract with the U.S. Department of Agriculture which prevented the harvesting of timber. Eventually, the buyer sued the title insurer to determine coverage under the policy for this issue.
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SAFER Banking Act passes Senate committee
Posted Date: Sunday, October 1, 2023
The Secure and Fair Enforcement Regulation Banking Act, which would ensure that legal cannabis businesses have access to banking and financial services, passed the Senate Committee on Banking, Housing and Urban Affairs by a vote of 14-9.
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MV Realty files for Chapter 11 bankruptcy
Posted Date: Wednesday, September 27, 2023
MV Realty, which has been sued by seven state attorneys general over its Homeowner Benefit Program, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida.
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