Legal Opinion
Pacific-Southern Mortgage Trust Co. v. Insurance Co.
California Court of Appeal
Decided April 10, 1985No. Civ. 26454PublishedCited by 32 opinions
1Opinion of the Court
Opinion
WORK, J.
Insurance Company of North America (INA) appeals a judgment awarding damages to Pacific-Southern Mortgage Trust for INA’s bad faith in refusing to settle a claim made on a commercial blanket bond issued by INA to Pacific-Southern.
Palomar Financial (a subsidiary of Standard Life Corporation (Standard Life)) started two real estate investment trusts (REITs): (1) Palomar Mortgage Investors (Palomar Mortgage), a short-term lender, and (2) Pacific-Southern Mortgage Trust Company (Pacific-Southern), a “long-term” lender. The day-to-day operation of each REIT was handled by a…
2Cases cited23 opinions
- Gruenberg v. Aetna InsuranceCalifornia Supreme Court · 1973
- Agarwal v. JohnsonCalifornia Supreme Court · 1979
- Brandt v. Superior CourtCalifornia Supreme Court · 1985
- Gribaldo, Jacobs, Jones & Associates v. Agrippina Versicherunges A. G.California Supreme Court · 1970
- Fageol Truck & Coach Co. v. Pacific Indemnity Co.California Supreme Court · 1941
18 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Cates Construction, Inc. v. Talbot PartnersCalifornia Supreme Court · 1999
- Continental Airlines, Inc. v. McDonnell Douglas Corp.California Court of Appeal · 1989
- Downey Savings & Loan Ass'n v. Ohio Casualty InsuranceCalifornia Court of Appeal · 1987
- Switzer v. Wood, California Court of Appeal, 5th District2019
- California Union Insurance Co. v. American Diversified Savings BankCourt of Appeals for the Ninth Circuit · 1991
27 more not listed; retrieve them via the Exa API.