Legal Opinion
Farmers Savings Bank v. WMBIC Indemnity Corp.
Court of Appeals of Wisconsin
Decided March 18, 1993No. 91-2727PublishedCited by 5 opinions
1Opinion of the CourtEich, C.J.
The Farmers Savings Bank of Mitch-ellville, Iowa, appeals from a summary judgment upholding the decision of the liquidator of the WMBIC Indemnity Insurance Company to deny the bank's claim for reimbursement under a WMBIC "directors and officers" ("D&O") policy.1
The bank and two of its officers, George Ballard and Robert Chittenden, were sued by a customer, Richard Myers and his wife Kathryn (hereafter the singular "Myers"), who asserted a variety of contract and tort claims stemming from their dealings with the two men. The defendants eventually settled the action without conceding liability…
2Cases cited9 opinions
- Keplin v. Hardware Mutual Casualty Co.Wisconsin Supreme Court · 1964
- Kaun v. Industrial Fire & Casualty InsuranceWisconsin Supreme Court · 1989
- Powell v. Khodari-Intergreen Co.Supreme Court of Iowa · 1983
- Alsco Iowa, Inc. v. JacksonSupreme Court of Iowa · 1962
- The First National Bank of Memphis v. The Aetna Casualty and Surety CompanyCourt of Appeals for the First Circuit · 1962
4 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- American Guarantee & Liability Insurance v. FojaniniDistrict Court, E.D. Pennsylvania · 2000
- National Bank v. St. Paul Fire & Marine InsuranceCourt of Appeals of Arizona · 1999
- Green v. Heritage Mutual InsuranceCourt of Appeals of Wisconsin · 2002
- Farmers Savings Bank v. WMBIC Indemnity Corp.Court of Appeals of Wisconsin · 1993
- Green v. Heritage Mutual InsuranceCourt of Appeals of Wisconsin · 2002