Legal Opinion
Verex Assurance, Inc. v. John Hanson Savings & Loan, Inc.
Court of Appeals for the Ninth Circuit
Decided January 28, 1987No. Nos. 86-3511, 86-3563PublishedCited by 3 opinions
1Opinion of the Court
DAVID R, THOMPSON, Circuit Judge:
In August 1982, Verex Assurance, Inc. (“Verex”) insured mortgages for Maduff Mortgage Corporation (“Maduff”) that were later sold to John Hanson Savings & Loan, Inc. (“John Hanson”). In November 1983, Verex sought declaratory relief to confirm its attempted rescission of the insurance contracts. The district court granted Verex summary judgment, “affirming its non-liability under the insurance policies,” and “dismissing [Maduff’s and John Hanson’s] counterclaims.” Although we find that the terms of the insurance certificates gave Verex the right to rescind…
2Cases cited26 opinions
- State Farm Fire and Casualty Company v. SevierOregon Supreme Court · 1975
- Medford v. Pacific National Fire InsuranceOregon Supreme Court · 1950
- Schaffer v. Mill Owners Mutual InsuranceOregon Supreme Court · 1965
- Insurance Company of North America, a Pennsylvania Corporation v. Nina HowardCourt of Appeals for the Ninth Circuit · 1982
- Stanley Goldblum, Plaintiff-Respondent v. National Broadcasting Corporation, Defendant-PetitionerCourt of Appeals for the Ninth Circuit · 1978
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3Cited by3 opinions
- Verex Assurance, Inc. v. John Hanson Savings and Loan, Inc., and Maduff & Sons, Inc., First Federal Savings and Loan Association, Verex Assurance, Inc. v. Maduff Mortgage Corporation v. John Hanson Savings & Loan Association First City Federal Savings and Loan Association, Defendant-Third PartyCourt of Appeals for the First Circuit · 1987
- Home Guaranty Insurance v. Third Financial Services, Inc.District Court, M.D. Tennessee · 1988
- Tapestry on Central Condominium Association v. Liberty Insurance Underwriters IncorporatedDistrict Court, D. Arizona · 2021