An investment firm working with Richmond, Calif., on planned eminent domain seizures of underwater mortgages is unlikely to have insurance that would cover any damages related to such activities, according to e-mails from city Risk Manager Kim Greer. "Once the [eminent domain] activities hit the newspapers, no carrier would even consider them," Greer said. City Attorney Bruce Goodmiller said in e-mails that "everyone involved," including the investment firm, "is convinced that we cannot rely" on the firm's insurance if a lawsuit were to arise over the eminent domain plans.

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