Gbbs Wins Summary Judgement In Coverage Dispute
G|B|B|S attorneys Tim Schupp, Rob Vaccaro, and Nick Rogers won summary judgment in a coverage dispute involving a real estate closing company and its principalâ€™s claim for insurance proceeds stemming from failures to identify a mortgage in connection with the sale of title insurance policies to a group of homeowners. The court specifically held two endorsements applied to exclude coverage.
The first precluded coverage arising out of title defects of which the insured had actual or constructive knowledge. The second precluded coverage arising out of services for parties affiliated through common ownership or control.