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Utah court tackles timing of inception of loss
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Court Report
Monday, July 17, 2017
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A Utah man sued First American for, among other things, breach of contract, after his interest in parcels of land was found to be invalid in a quiet title action. The district court in Utah was tasked with determining the inception of loss, an area in which the state code language of the term had not been precisely defined through case law in the context of title insurance. Read on for details of how the district court determined inception of loss, and whether the man’s claim was time-barred.
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