Legal Opinion
The First National Bank and Trust Company, Chickasha, Oklahoma v. The Continental Insurance Company
Court of Appeals for the First Circuit
Decided April 28, 1975No. 74--1160PublishedCited by 4 opinions
1Opinion of the Court
McWILLIAMS, Circuit Judge.
This is a dispute between an insurance company and its insured and the issue here to be resolved is whether a loss suffered by the insured, a bank, is covered by a bankers blanket bond. The insurance company defended on the ground that the loss incurred was a loan loss and, as such, an excluded risk. In a trial to the court, sitting without a jury, the trial court held that the loss suffered by the insured was not a loan loss, and that the loan exclusion was therefore inapplicable. Accordingly, the trial court entered judgment in favor of the insured and against the…
2Cases cited9 opinions
- Hartford Accident & Indemnity Co. v. Federal Deposit Ins. CorpCourt of Appeals for the Eighth Circuit · 1953
- State Bank of Poplar Bluff v. Maryland Casualty CompanyCourt of Appeals for the Eighth Circuit · 1961
- The Fidelity and Casualty Company of New York, a Corporation v. Bank of AltenburgCourt of Appeals for the Eighth Circuit · 1954
- Maryland Casualty Company v. State Bank & Trust CompanyCourt of Appeals for the Fifth Circuit · 1970
- Bank of the Southwest v. National Surety CompanyCourt of Appeals for the Fifth Circuit · 1973
4 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Calcasieu-Marine National Bank of Lake Charles v. American Employers' Insurance Co., Louisiana Bank & Trust Co., Cross v. The Employers Liability Assurance Corp., CrossCourt of Appeals for the Fifth Circuit · 1976
- Liberty National Bank v. Aetna Life & Casualty Co.District Court, D. New Jersey · 1983
- First Philson Bank, N.A. v. Hartford Fire InsuranceSuperior Court of Pennsylvania · 1999
- Calcasieu-Marine National Bank v. American Employers' InsuranceCourt of Appeals for the Fifth Circuit · 1976