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Insured sues title insurer over inadequate claims handling
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Court Report
Tuesday, May 19, 2015
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After beginning development, the owner of property in Lake Winnebago, Mo., discovered someone else held title to a crucial 1-acre tract on the property. When the title insurer paid the loss suffered by its insured, the insured sent the money back, arguing that it wasn’t adequate compensation. When the parties couldn’t come to an agreement, the insured property owner sued for breach of contract and vexatious refusal to pay. Read on for more details.
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