First Texas Savings Association, and First Gibraltar Savings Association, Fsb, Intervening v. Reliance Insurance Co.

REAVLEY, Circuit Judge:

Reliance Insurance Company (Reliance) appeals from an $8.4 million judgment in favor of First Texas Savings Association (First Texas) and First Texas’ successor in interest, First Gibraltar Savings Association, FSB. The judgment is based on a jury’s findings that First Texas suffered a loss covered by a standard form Savings and Loan Blanket Bond (the Bond) that Reliance issued to First Texas on July 9, 1984, and that Reliance engaged in unfair or deceptive insurance practices in its treatment of First Texas’ claim. We vacate that judgment. Because we find that the…