Union Planters v. American Home

IN THE COURT OF APPEALS OF TENNESSEE AT JACKSON January 23, 2002 Session UNION PLANTERS NATIONAL BANK v. AMERICAN HOME ASSURANCE COMPANY An Appeal from the Circuit Court for Shelby County No. 32126-3 T.D. Karen R. Williams, Judge No. W2001-01124-COA-R3-CV - Filed March 18, 2002 This is an insurance case dealing with a standard loss-payee clause. On September 1, 1980, the appellee insurance company issued an aircraft hull and liability insurance policy to a commercial airline. The policy had an attached breach of warranty endorsement specifying the appellant bank as the loss payee for a…