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Title insurer, developers dispute breach of indemnity claim
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Court Report
Thursday, August 7, 2014
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After developers promised to indemnify its title insurer against any loss arising from mechanic’s liens or claims in connection with work done on a hotel and condominium development in Minneapolis, Minn., the insurer issued title policies in connection with the project. The title insurer eventually sued the developers for breach of the indemnification agreement and an indemnification bond, as well as fraud. The case eventually went before the Court of Appeals of Minnesota.
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