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COMMONWEALTH LAND TITLE INS. CO. v. IDC PROPERTIES

No. C.A.01-400T.

524 F.Supp.2d 155 (2007)

COMMONWEALTH LAND TITLE INSURANCE COMPANY, Plaintiff, v. IDC PROPERTIES, INC., Defendant.

United States District Court, D. Rhode Island.

December 21, 2007.

Attorney(s) appearing for the Case

Thomas C. Angelone, Hodosh, Spinella & Angelone, PC, Providence, RI, Attorney for the Plaintiff.

Robert K. Taylor, Stephen Snow, Partridge, Snow and Hahn UP, Providence, RI, Attorneys for the Defendant.

MEMORANDUM AND ORDER

ERNEST C. TORRES, Senior District Judge.

Introduction

Commonwealth Land Title Insurance Company ("Commonwealth") brought this declaratory judgment action seeking a declaration that an owner's title insurance policy (the "Policy") issued to IDC Properties, Inc. ("IDC") affords no coverage for IDC's loss of development rights in the Goat Island Condominium in Newport, Rhode Island, because IDC failed to disclose...

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