Reliable Furniture Company v. FIDELITY & GUARANTY INSURANCE UNDERWRITERS, INC.

CROCKETT, Justice.

Plaintiff sues for losses covered by a business-interruption insurance policy issued by the defendant, American Home Assurance Company; and seeks to set aside a settlement and release on the ground that defendant procured it by fraud and economic duress. At pretrial conference the court granted summary judgment in favor of defendant, from which plaintiff appeals.1

During the night of March 31, 1961, a fire substantially destroyed plaintiff’s retail furniture business located on Washington Boulevard, near the center of the business district of Ogden. The loss was covered by…