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SCC letter shocks real estate industry (access required)

Title companies were hit by a bolt of lightning earlier this month when the State Corporation Commission issued an administrative letter that declares a common insurance practice illegal. Commissioner of Insurance Stephen T. Foster announced that title underwriters are “monoline ...

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Third party can sue for bad faith (access required)

A couple can bring a claim as third-party beneficiaries against an insurance company for breach of its duty of good faith and fair dealing, the Virginia Supreme Court has ruled. The insurance company delayed payment on a claim for damage ...

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