Judge: Insurer Has Duty To Defend, Indemnify Against Claims Insured Misused Funds

(September 28, 2015, 12:04 PM EDT) -- CHICAGO — An Illinois federal judge held on Sept. 24 that an insurer has a duty to defend or indemnify its insured against underlying claims that its insured misused and misappropriated funds involving real estate closing, loan closing and title and escrow services (Title Industry Assurance Co. v. Chicago Abstract Title Agency, et al., No. 14-1906, N.D. Ill.; 2015 U.S. Dist. LEXIS 128096).

(Memorandum opinion available. Document #13-151001-011Z.)

Alleged Fraud

Chicago Abstract Title Agency purportedly provided real estate closing, loan closing, title and escrow services to...
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