State ex rel. Boney v. Central Mutual Insurance Co. of Chicago

"Wliile tbe Insurance Company denied liability and declined to investigate tbe claims against tbe insured, or to defend tbe actions instituted thereon, and tbe receiver disallowed tbe claim upon tbe contention that no valid contract existed between tbe Central Mutual Insurance Company of Chicago and Tbomas-Howard Company, it is now agreed that there was a valid and subsisting binder and policy of insurance issued by tbe defendant Insurance Company. It is also agreed as to tbe amounts paid out by tbe agency in behalf of tbe insured in settlement of claims against it, which were covered by tbe…