Texas Pacific Indemnity Co. v. Atlantic Richfield Co.

OPINION

ROBERTSON, Justice.

This appeal is from a judgment in favor of appellee in its suit against appellant on a fidelity bond it had issued to Amárco Petroleum, Inc. While appellant asserts three points of error, we find the first point contesting appellee’s standing to sue determinative of the appeal and, accordingly, we reverse.

Texas Pacific Indemnity Company (Texas Pacific) issued a Comprehensive Dishonesty, Disappearance and Destruction Policy insuring against employee dishonesty to Amárco Petroleum, Inc. (Amárco) covering the two year period from February 1983 through February 1985.

Amárc…