Pmi Mortgage Insurance Co. v. American International Specialty Lines Insurance Company, Federal Insurance Company, and Columbia Casualty Company
Court of Appeals for the Ninth Circuit
1Opinion of the Court
CUDAHY, Circuit Judge:
I. BACKGROUND
PMI is a large financial institution that sells, among other things, mortgage guaranty insurance to residential mortgage lenders who provide loans to homebuyers considered to be at risk of defaulting on their mortgages. This insurance covers a lender for losses incurred when a borrower defaults on the repayment of a mortgage loan and the collateral is not sufficient to make the lender whole. PMI also offers its lender clients underwriting services, claims services, policy administration services, loan underwriting, loss mitigation, pool insurance and captive…
2Cases cited22 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Waller v. Truck Insurance Exchange, Inc.California Supreme Court · 1995
- Bank of the West v. Superior CourtCalifornia Supreme Court · 1992
- AIU Insurance v. Superior CourtCalifornia Supreme Court · 1990
- MacKinnon v. Truck Insurance ExchangeCalifornia Supreme Court · 2003
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3Cited by6 opinions
- Massamont Insurance Agency, Inc. v. Utica Mutual InsuranceCourt of Appeals for the First Circuit · 2007
- Buckeye Ranch, Inc. v. Northfield Insurance Co., Court of Common Pleas of Ohio, Franklin County, Civil Division2005
- PMI Mortgage Insurance v. American International Specialty Lines InsuranceCourt of Appeals for the Ninth Circuit · 2008
- Atlantic Specialty Insurance Company v. Lexington Insurance CompanyDistrict Court, W.D. Washington · 2022
- Navigators Insurance v. HamlinDistrict Court, D. Oregon · 2015
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