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Title insurers, homeowners dispute compensation for mineral rights claim
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Court Report
Tuesday, February 25, 2014
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Insured homeowners sued their title insurer for breach of contract and breach of duty of good faith and fair dealing, arguing that the title insurer offered insufficient compensation for mineral interests in which prior landowners had reserved one-half undivided interest. Following a jury trial, the district court determined the insurer did not breach duty of good faith and fair dealing, but found the insurer to be in breach of the title insurance contract. The homeowners appealed and the insurer cross-appealed. Read on for more details.
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