First Insur Funding v. Fed'l Insur Co

In the United States Court of Appeals For the Seventh Circuit No. 01-2855 FIRST INSURANCE FUNDING CORPORATION, Plaintiff-Appellant, v. FEDERAL INSURANCE COMPANY, Defendant-Appellee. Appeal from the United States District Court for the Northern District of Illinois, Eastern Division. No. 00 C 8135--John W. Darrah, Judge. ARGUED FEBRUARY 20, 2002--DECIDED MARCH 28, 2002 Before BAUER, RIPPLE and MANION, Circuit Judges. RIPPLE, Circuit Judge. Defrauded of over $4.3 million, First Insurance Funding Corporation ("First Insurance") sought indemnification for these losses under the terms of a…