Legal Opinion
Travelers Property Casualty Co. of America v. Superior Court
California Court of Appeal
Decided April 17, 2013No. B243650; B244334PublishedCited by 13 opinions
1Opinion of the Court
Opinion
CROSKEY, J.
A developer obtained a construction loan from a bank, and began construction on a multiunit condominium complex. The bank required the developer to maintain builder’s risk insurance (i.e., a construction policy) on the property and to identify the bank, and its successors and assigns, as loss payee. The developer, apparently, did so. Eventually, when the condominium complex was near completion, the developer fell behind in its payments on the loan. After the developer’s default, the bank sold the loan to an investor, who would ultimately foreclose on the property. After the…
2Cases cited21 opinions
- Aguilar v. Atlantic Richfield Co.California Supreme Court · 2001
- Leal v. Holy Spirit Ass'n for Unification of World ChristianityCalifornia Supreme Court · 1988
- AARTS Productions, Inc. v. Crocker National BankCalifornia Court of Appeal · 1986
- Union Bank v. Superior CourtCalifornia Court of Appeal · 1995
- Palmer v. Truck Insurance ExchangeCalifornia Supreme Court · 1999
16 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- McDermott Will & Emery LLP v. Superior Court of Orange CountyCalifornia Court of Appeal · 2017
- Marentes v. State Farm Mutual Automobile Insurance Co.District Court, N.D. California · 2016
- Evanston Insurance Co. v. Atain Specialty Insurance Co.District Court, N.D. California · 2017
- Great Am. E&S Ins. Co. v. Theos Med. Sys., Inc.District Court, N.D. California · 2019
- Central Cold Storage Corporation and National Custom Packing, Inc. v. Arch Specialty Insurance Company and Axis Surplus Insurance CompanyDistrict Court, N.D. California · 2026
8 more not listed; retrieve them via the Exa API.