The Legal Description > News > Illinois district court says E&O insurer was obligated to provide coverage to companies impacted by agency defalcations
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Illinois district court says E&O insurer was obligated to provide coverage to companies impacted by agency defalcations
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Court Report
Monday, October 12, 2015
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The U.S. District Court for the Northern District of Illinois recently ruled that Title Industry Assurance Co. RRG had a duty to provide relief to two companies that were impacted by the defalcation of Chicago Abstract Title Agency, a now-dissolved company whose escrow agent later pleaded guilty to charges of wire fraud. Read on to find out how, seven years after the agency’s defalcation, the companies with whom it did business are still trying to recoup their losses in court.
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