Date archive: November 2014

Insureds Duty of Utmost Good Faith Breach Sinks Sunken Barge Claim

Summary: Mark Twain, a cement barge owned by Continental Cement, sank on February 7, 2011.  After the insurance companies investigated, they denied coverage for the loss of the hull and the expense of removing the barge from the river.  The insurance companies filed a declaratory judgment action seeking a declaration of no coverage which drew…

Missouri Vexatious Refusal to Pay Award Stands in Face of Insurance Companies Contingent Attack

Summary: Stewart Title Guarantee Company provided title insurance to Randy Spalding for nearly 420 acres in Cass County, Missouri in the amount of $1.7 million.  It also provided title insurance coverage to Paul Estes for a one acre tract in the middle of the 428 acres, which Spalding and others were trying to develop.  Stewart…


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