Legal Opinion
Margaretten & Co. v. Illinois Farmers Insurance Co.
Court of Appeals of Minnesota
Decided January 17, 1995No. C0-94-1420PublishedCited by 1 opinion
1Opinion of the Court
OPINION
DAVIES, Judge.
Mortgagee challenges summary judgment for insurer, arguing that (1) its right to fire insurance benefits was preserved despite mortgage foreclosure, and (2) insurer was not justified in requiring a partial assignment of mortgage as a prerequisite to payment of insurance proceeds. We affirm.
FACTS
Appellant Margaretten & Company (mortgagee) held a mortgage on a house insured by respondent Illinois Farmers Insurance Company (insurer). A fire destroyed the house in October 1991. Insurer denied the homeowners’ claim for insurance proceeds, determining that the owners had caused…
2Cases cited10 opinions
- Hubred v. Control Data Corp.Supreme Court of Minnesota · 1989
- Whitestone Savings & Loan Ass'n v. Allstate InsuranceNew York Court of Appeals · 1971
- Phalen Park State Bank v. ReevesSupreme Court of Minnesota · 1977
- Barile v. WrightNew York Court of Appeals · 1931
- United States v. Morris C. Goldberg, A/K/A Moe Goldberg, A/K/A M. C. Goldberg, RosesatkoffCourt of Appeals for the Third Circuit · 1966
5 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Border State Bank of Greenbush v. Farmers Home GroupCourt of Appeals of Minnesota · 2000