Parties Argue Over Who Was Intended Beneficiary Of Fire Hazard Policy

(March 6, 2018, 2:02 PM EST) -- LANCASTER, Pa. — An asset management company and an insurer recently submitted their arguments in a Pennsylvania court over whether the company has an interest pursuant to an insurance policy that was issued on a property it was attempting to foreclose on at the time it was destroyed by a fire, disputing whether summary judgment should be granted in favor of the insurer on claims for declaratory relief and breach of contract (21 Asset Management Holdings LLC v. Foremost Insurance Co Grand Rapids, Michigan, No. 16-06097, Pa. Comm. Pls., Lancaster Co.)....