TRW Title Insurance v. Security Union Title Insurance

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Plaintiff, TRW Title Insurance Company (“TRW”), and defendant, Security Union Title Insurance Company (“Security”), are title insurers.1 From 1984 to February, 1990, Security had an agreement with Liberty National Title Insurance Company (“Liberty”) whereby Liberty acted as Security’s title insurance agent.2 In December, 1989, TRW entered into an agreement with Liberty under which Liberty acted as TRW’s title insurance agent. Liberty administered an escrow fund to assist in the closing of the real estate transactions for which it issued title…