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PACIFIC-SOUTHERN MORTGAGE v. INS. CO. OF N. AM.

Docket No. 26454.

166 Cal.App.3d 703 (1985)

212 Cal. Rptr. 754

PACIFIC-SOUTHERN MORTGAGE TRUST COMPANY, Plaintiff and Respondent, v. INSURANCE COMPANY OF NORTH AMERICA, Defendant and Appellant.

Court of Appeals of California, Fourth District, Division One.

April 10, 1985.

Attorney(s) appearing for the Case

COUNSEL

Leonard S. Levy and Peter R. Regal for Defendant and Appellant.

Luce, Forward, Hamilton & Scripps and Jack W. Crumley for Plaintiff and Respondent.

OPINION

WORK, J.

Insurance Company of North America (INA) appeals a judgment awarding damages to Pacific-Southern Mortgage Trust for INA's bad faith in refusing to settle a claim made on a commercial blanket bond issued by INA to Pacific-Southern.

Palomar Financial (a subsidiary of Standard Life Corporation (Standard Life)) started two real estate investment trusts (REITs):...

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