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Parties dispute calculation of loss under title claim
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Court Report
Wednesday, December 21, 2022
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An insured lender, which had taken an interest in three parcels of land, filed suit against its title insurer after the borrower defaulted on the loan and failed to deliver good title to a portion of one of the parcels. The U.S. District Court for the District of Utah awarded the insured more than $3 million but denied the lender’s motion to amend the judgment to include prejudgment interest. The insurer appealed the decision to the 10th U.S. Circuit Court of Appeals.
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