Legal Opinion
Federal Deposit Insurance Corporation, Plaintiff-Intervenor/appellant v. American Casualty Company of Reading, Pa.
Court of Appeals for the Tenth Circuit
Decided September 1, 1992No. 91-6147, 91-6148PublishedCited by 40 opinions
1Opinion of the Court
ENGEL, Senior Circuit Judge.
The FDIC appeals from a grant of summary judgment in favor of American Casualty Company. The district court held that American Casualty rightfully refused coverage under a director’s and officer’s liability insurance policy for loss due to an action brought by the FDIC against former directors of an insolvent bank. At issue is whether an insurance policy containing a “regulatory exclusion” and an “insured v. insured” exclusion provides coverage in an action by the FDIC. We conclude that the regulatory exclusion is effective to bar the FDIC’s suit here. We therefore…
2Cases cited15 opinions
- United Paperworkers International Union v. Misco, Inc.Supreme Court of the United States · 1987
- Muschany v. United StatesSupreme Court of the United States · 1945
- Dodson v. St. Paul Insurance Co.Supreme Court of Oklahoma · 1991
- St. Paul Fire and Marine Insurance Company v. Federal Deposit Insurance Corporation, as Receiver of the State Bank of Greenwald, Minnesota v. Douglas A. Winter Bernadine Winter Robert J. OsendorfCourt of Appeals for the Eighth Circuit · 1992
- Finci v. American Casualty Co. of ReadingCourt of Appeals of Maryland · 1991
10 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- QBE Insurance Corp. v. Chalfonte Condominium Apartment Ass'nSupreme Court of Florida · 2012
- American Casualty Co. v. BakerCourt of Appeals for the Ninth Circuit · 1994
- Combs v. Shelter Mutual InsuranceCourt of Appeals for the Tenth Circuit · 2008
- Federal Deposit Insurance Corp. v. American Casualty Co. of ReadingSupreme Court of Colorado · 1993
- John Beaudette, Inc. v. Sentry Insurance a Mutual Co.District Court, D. Massachusetts · 1999
35 more not listed; retrieve them via the Exa API.