Valley Bank & Trust Co. v. U.S. Life Title Insurance Co. of Dallas

OPINION

BILLINGS, Judge:

Following a bench trial, the court entered judgment in favor of U.S. Life Title Insurance Company of Dallas (“U.S. Title”), dismissing Valley Bank & Trust Company’s (“Valley Bank”) complaint with prejudice. The trial court concluded the title insurance policy issued by U.S. Title to Valley Bank expressly excepted defects “created by the insured,” and thus, Valley Bank’s claim was excluded from coverage. We affirm.

FACTS

Valley Bank and Valley Mortgage are wholly owned subsidiaries of Valley Utah Bancorporation. Valley Mortgage often acts as an agent for Valley Bank in…