Legal Opinion
American Trust & Savings Bank v. United States Fidelity & Guaranty Co.
Supreme Court of Iowa
Decided February 17, 1988No. 87-28PublishedCited by 11 opinions
1Opinion of the Court
SCHULTZ, Presiding Justice.
The American Trust and Savings Bank, Dubuque, Iowa (bank) purchased a banker’s blanket bond from United States Fidelity and Guaranty Company (insurer). The bond protected the bank from various specified losses including those directly resulting from dishonest or fraudulent acts of the bank’s employees. The fighting issue in this case is the extent to which the terms of the bond require the insurer to reimburse the bank by reason of an employee’s embezzlement scheme. The district court *854granted summary judgment in favor of the bank in its action to recover under the…
2Cases cited9 opinions
- Fitchburg Savings Bank v. Massachusetts Bonding & InsuranceMassachusetts Supreme Judicial Court · 1931
- Mechanicsville Trust & Savings Bank v. Hawkeye-Security Insurance Co.Supreme Court of Iowa · 1968
- State Surety Co. v. LensingSupreme Court of Iowa · 1977
- Bank of Huntingdon v. SmothersCourt of Appeals of Tennessee · 1981
- Citizens Bank of Oregon v. American Insurance CompanyDistrict Court, D. Oregon · 1968
4 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Federal Deposit Insurance Corporation v. United Pacific Insurance CompanyCourt of Appeals for the Tenth Circuit · 1994
- Federal Deposit Insurance v. United Pacific InsuranceCourt of Appeals for the Tenth Circuit · 1994
- American Trust & Savings Bank v. United States Fidelity & Guaranty Co.Supreme Court of Iowa · 1989
- First American State Bank v. The Continental Insurance Company, First American State Bank v. Robert S. Milnikel, the Continental Insurance Company. First American State Bank v. The Continental Insurance CompanyCourt of Appeals for the First Circuit · 1990
- First American State Bank v. Continental InsuranceCourt of Appeals for the Eighth Circuit · 1990
6 more not listed; retrieve them via the Exa API.