Section 7 An Insurance Policy

• Library: Damages 2012

Under § 375.420, RSMo 2000, the vexatious penalty statutes apply only to insurance companies issuing a policy for:

· “automobile,

· fire,

· cyclone,

· lightning,

· life,

· health,

· accident,

· employers’ liability,

· burglary,

· theft,

· embezzlement,

· fidelity,

· indemnity,

· marine or

· other insurance except automobile liability insurance.”

The “indemnity” provision has been construed to include title insurance. Fohn v. Title Ins. Corp. of St. Louis, 529 S.W.2d 1, 5 (Mo. banc 1975). Section 375.420 also encompasses contracts of suretyship. Howard Constr. Co. v. Teddy Woods Constr. Co., 817...