Legal Opinion
Harbor Insurance v. Continental Bank Corp.
Court of Appeals for the Seventh Circuit
Decided December 17, 1990No. Nos. 90-1044, 90-1090PublishedCited by 58 opinions
1Opinion of the Court
POSNER, Circuit Judge.
This suit involves the interpretation of an insurance policy for directors’ and officers’ liability issued by Harbor and Allstate to Continental Bank. The policy provides that if Continental sustains a loss as a result of a claim made against a director or officer for wrongful acts committed in the performance of his office, Harbor shall reimburse Continental Bank for the first $15 million of loss and Allstate shall reimburse it for the next $10 million. There is another condition: the claim must be one with respect to which Continental, under its charter, is required or…
2Cases cited50 opinions
- Newman-Green, Inc. v. Alfonzo-LarrainSupreme Court of the United States · 1989
- Finley v. United StatesSupreme Court of the United States · 1989
- Railway Co. v. McCarthySupreme Court of the United States · 1878
- Baker v. Gold Seal Liquors, Inc.Supreme Court of the United States · 1974
- Specht v. JensenCourt of Appeals for the Tenth Circuit · 1988
45 more not listed; retrieve them via the Exa API.
3Cited by58 opinions
- Whitacre Partnership v. Biosignia, Inc.Supreme Court of North Carolina · 2004
- Amcast Industrial Corporation and Elkhart Products Corporation v. Detrex CorporationCourt of Appeals for the Seventh Circuit · 1993
- Harbor Insurance Company v. Continental Bank CorporationCourt of Appeals for the Seventh Circuit · 1991
- Bank of America National Trust & Savings Ass'n v. SchulsonAppellate Court of Illinois · 1999
- Kristin Beul v. Asse International, Inc.Court of Appeals for the Seventh Circuit · 2000
53 more not listed; retrieve them via the Exa API.