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Equitable tolling allowed in alleged scheme reinsuring private mortgage insurance

Jorden Burt LLP
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USA
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May 13 2013

Plaintiff homeowners filed a putative class against Bank of America Corp. ("BOA"), Bank of America Reinsurance Corp. ("BOARC") and three primary

In late notice cases, there’s more at stake than a single claim

Jorden Burt LLP
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USA
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April 8 2013

Both property and liability policies contain provisions that require the insured to provide its carrier with timely notice of a claim, but cases in

Court compels production of CFPD investigation documents in dispute over alleged reinsurance kickbacks

Jorden Burt LLP
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USA
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March 21 2013

A putative class of plaintiffs brought an action against PHH Corporation, alleging violations of the Real Estate Settlement Procedures Act, arising

Bond insurers gain on banks in assured guaranty RMBS case, but questions remain

Jorden Burt LLP
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USA
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February 23 2013

The 2008 financial crisis included a wave of defaults on collateralized debt obligations, and some of those defaults caused enormous losses to

Reading teleology leaves: “condominium” exclusion does not apply to unsold apartment

Jorden Burt LLP
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USA
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February 14 2013

As every lawyer knows, Aristotle distinguished four types of explanation, or "cause," for natural phenomena. The "final cause" is "that for the sake

Seventh Circuit affirms “clear trend” against RESPA Section 8 class actions

Jorden Burt LLP
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USA
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June 4 2012

Perhaps signaling an increased unwillingness of courts to certify putative class actions premised on alleged violations of Section 8 of the Real Estate Settlement Procedures Act (RESPA), the Seventh Circuit Court of Appeals affirmed the district court’s denial of class certification where plaintiffs alleged a title insurer made illegal kickbacks to real estate attorney title agents in violation of both RESPA (12 U.S.C. 2607) and the Illinois Consumer Fraud Act

Insurer prevails on contribution claims

Jorden Burt LLP
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USA
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May 17 2012

Land O’ Lakes, a member-owned agricultural cooperative, acquired a property in Oklahoma that was later designated by the EPA as a “Superfund” clean-up site

Insurers in coverage suit compelled to produce discovery on reinsurance

Jorden Burt LLP
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USA
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November 16 2011

Olin Corporation sought a declaratory judgment that it was covered for damages to its industrial plant under a policy issued by a consortium of property insurers

Fifth Circuit holds overhead & profit costs unattainable if house is sold unrepaired

Jorden Burt LLP
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USA
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August 18 2011

The Fifth Circuit Court of Appeals recently reversed a Louisiana district court’s grant of overhead and profit costs under a National Flood Insurance Program policy, holding that the district court improperly awarded overhead and profit costs to policyholders who sold their home unrepaired

$1.2 billion settlement of property damage claims arising from 911 terrorist attacks affirmed

Jorden Burt LLP
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USA
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May 19 2011

The Second Circuit has affirmed a $1.2 billion settlement of numerous property damage claims made against American Airlines, United Airlines, and their respective security firms, that arose from the September 11, 2001 terrorist attacks on Towers One and Two of the World Trade Center

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