Insurer Entitled to Rescind Due to Misrepresentations on Application
By EsqSocial Corporation 01/02/21
The United States District Court for the Central District of California, applying California law, has ruled that an insurer could rescind a policy issued after a homeowners association falsely claimed in its application that it had not had any claims against it in the prior five years. Atain Specialty Ins. Co. v. Lake Lindero Homeowners Ass’n, 2020 WL 7416169 (C.D. Cal. Nov. 25, 2020). The Court concluded that the information withheld was material to the insurer’s decision whether to issue the...
By: Wiley Rein LLP