National Security Fire & Casualty Co. v. Eureka Federal Savings & Loan Ass'n

Pope, Judge.

Defendant National Security Fire & Casualty Company (hereinafter “National”) issued a policy of insurance on the residential property at issue in this case. The owner issued a deed to secure debt to plaintiff Eureka Federal Savings & Loan Association (hereinafter “Eureka”) as mortgagee. Eureka was originally listed as the mortgagee in the insurance policy. Pursuant to the request of the independent insurance agent, Eureka’s servicing agent, SEMCO, was substituted as the named mortgagee in the policy. When the owner defaulted on the loan, Eureka foreclosed and bought the property…