Resolution Trust Corporation v. James M. Artley, Third-Party International Insurance Company, Inc., Third-Party the Cincinnati Company, Third-Party

JOHNSON, Senior Circuit Judge:

Third-party defendant, International Insurance Company (“Appellant”), appeals the district court’s denial of its motion for summary judgment. We reverse.

I. STATEMENT OF THE CASE

A. Background Facts

In 1984, Great Southern Federal Savings Bank (“Great Southern”), whose principal place of business is Savannah, Georgia, purchased a directors and officers liability insurance policy (“Policy”) from Appellant. The Policy was a claims made policy protecting Great Southern’s directors, officers, and employees (“Insureds”), covering any written claims submitted during the…