San Jose Production Credit Association v. Old Republic Life Insurance Company, an Illinois Corporation

POOLE, Circuit Judge:

In this diversity action, for breach of a “hold harmless agreement”, Old Republic appeals a judgment holding it liable for breach of the indemnity agreement, compensatory and punitive damages in tort for breach of the implied covenant of good faith and fair dealing, and for attorneys’ fees. The district court awarded San Jose Production Credit Association (PCA) compensatory damages of $172,548.65 on its contract claim, $110,683 on its tort claim (the amount of attorneys’ fees incurred by PCA in the prosecution of this suit) and $500,000 in punitive damages. We affirm the…