State Street Bank and Trust Co. v. INA Ins. Co.

This is another in a series of appeals arising out of John O’Brien’s litigation against plaintiff State Street Bank and Trust Company (State Street). In this appeal, State Street seeks reversal of a circuit court order which, in effect, held defendant INA Insurance Company of Illinois (INA) did not have a duty to defend O’Brien’s lawsuit against State Street. We affirm.

O’Brien sued State Street in November 1975, alleging he was a business loan customer of State Street and that, on previous occasions, State Street had acquiesced in late payments on his loans. O’Brien further alleged that in…