A Lloyd's of London syndicate is the second insurer trying to escape liability in the massive mortgage fraud for which more than 25 credit unions are seeking recompense of up to $125 million.

The Lloyd's syndicate sued in federal court in Newark, N.J., seeking to block any potential insurance claim against it by Picatinny Federal Credit Union, Suffolk Federal Credit Union and Sperry Associates Federal Credit Union.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access