Judge Reevaluates Order, Grants Judgment For Insurer In Policy Rescission Suit

(September 7, 2023, 9:27 AM EDT) -- HOT SPRINGS, Ark. — An Arkansas federal judge vacated a prior order denying multiple summary judgment motions in a suit over the rescission of an insurance policy, finding that the policy’s concealment of fraud clause “precludes coverage for the fire loss” at the insured property due to the insured’s misrepresentations regarding foreclosure on another property....