Community State Bank v. Hartford Insurance

Defendant-Appellant, Hartford Insurance Company (Hartford), appeals from certain orders entered by the trial court of Henry County granting plaintiff-appellee Community Bank of Calva’s (the Bank’s) motion for summary judgment and awarding the Bank damages under section 155 of the Insurance Code (Ill. Rev. Stat. 1987, ch. 73, par. 767).

Hartford issued to the Bank a banker’s benefit bond, No. 85— BPPRR6767, covering a policy period of October 16, 1985, to October 16, 1988. The Bank alleged in its complaint filed March 26, 1987, that on or about August 17, 1986, Leland T. Everett delivered to…