Legal Opinion

Seattle Fur Exchange, Inc. v. Foreign Credit Insurance

Court of Appeals for the Ninth Circuit

Decided October 8, 1993No. 91-36171PublishedCited by 5 opinions

1Opinion of the Court

LEAVY, Circuit Judge:

The issue before us is whether there must be strict compliance with the terms and conditions of an insurance policy where a federal agency, the Export-Import Bank of the United States (“Eximbank”), has agreed to cover losses from exporting in the event of insolvency of a private insurer. We hold that under these circumstances, there must be strict compliance.

Seattle Fur Exchange (“Seattle Fur”) conducts a fur exchange business in which it auctions and sells furs and pelts to wholesale buyers. In 1988, Seattle Fur obtained a “Short Term Comprehensive Multi-Buyer Export…

2Cases cited6 opinions

  1. Federal Crop Ins. Corp. v. MerrillSupreme Court of the United States · 1947
  2. West v. HarrisCourt of Appeals for the Fifth Circuit · 1978
  3. Richard H. Brazil v. Louis O. Giuffrida, Director, Federal Emergency Management AgencyCourt of Appeals for the Ninth Circuit · 1985
  4. Lovell Manufacturing v. Export-Import Bank Of The United StatesCourt of Appeals for the Third Circuit · 1985
  5. Nu-Air Manufacturing Company v. Frank B. Hall & Co. Of New YorkCourt of Appeals for the Eleventh Circuit · 1987

1 more not listed; retrieve them via the Exa API.

3Cited by5 opinions

  1. Cohen v. State Farm Fire & CasualtyDistrict Court, C.D. California · 1999
  2. Seattle Fur Exchange, Inc. v. Foreign Credit Insurance AssociationCourt of Appeals for the First Circuit · 1993
  3. Irene Flick v. Liberty Mutual Fire Insurance CompanyCourt of Appeals for the Ninth Circuit · 2000
  4. Xia v. SessionsCourt of Appeals for the Second Circuit · 2018
  5. Zhao v. HolderCourt of Appeals for the Second Circuit · 2014

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