Hanover Insurance v. Smith

Appellant, Joan Fried, appeals from a judgment of the Appellate Court, First District (182 Ill. App. 3d 793), awarding Hanover Insurance Company (Hanover) attorney fees, costs, and other expenses in the amount of $24,408.95 pursuant to an indemnity provision in a suretyship agreement by which Hanover agreed to act as surety for Joan Fried and two other litigants on an appeal bond and Fried agreed to post collateral and indemnify Hanover for any expenses it incurred as a consequence of the execution of the bond. The appellate court’s majority opinion overturned a circuit court decision…