Legal Opinion
Transamerica Insurance Company v. Ronald M. South, Roy W. Brunsmann, Walter E. Jones, Kathleen Jones, and Iris L. Hannon
Court of Appeals for the Seventh Circuit
Decided September 11, 1992No. 91-1769, 91-1882, 91-1908, 91-1909, 91-2546, 91-2547, 91-2548 and 91-2549PublishedCited by 71 opinions
1Opinion of the Court
RIPPLE, Circuit Judge.
Ronald South, an investment advisor in Belleville, Illinois, purchased an errors and omissions policy from Transamerica Insurance Company (Transamerica). The policy contained a clause excluding coverage for claims arising out of the insolvency of any organization in which Mr. South placed the funds of a client. In 1988, Mr. South encouraged several clients to purchase “risk-free” annuities from First Columbia Life *323Insurance Company (First Columbia). In fact, although an Illinois state insurance fund guarantees investments with companies that are authorized to do business…
2Cases cited36 opinions
- Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
- Griggs v. Provident Consumer Discount Co.Supreme Court of the United States · 1982
- Carolyn HOLLAND, Plaintiff-Appellant, v. JEFFERSON NATIONAL LIFE INSURANCE COMPANY, Defendant-AppelleeCourt of Appeals for the Seventh Circuit · 1989
- R.E. Wood, Jr. And Julie Wood v. Mid-Valley IncorporatedCourt of Appeals for the Seventh Circuit · 1991
- United States Fire Insurance v. SchnackenbergIllinois Supreme Court · 1981
31 more not listed; retrieve them via the Exa API.
3Cited by71 opinions
- Wildlife Express Corporation v. Carol Wright Sales, IncorporatedCourt of Appeals for the Seventh Circuit · 1994
- Premcor Usa, Inc., and the Premcor Refining Group, Inc. v. American Home Assurance CompanyCourt of Appeals for the Seventh Circuit · 2005
- Keith Stansell v. Revolutionary Armed Forces of Columbia, (FARC)Court of Appeals for the Eleventh Circuit · 2014
- Coregis Insurance Company v. American Health FoundationCourt of Appeals for the Second Circuit · 2001
- Hurst-Rosche Engineers, Incorporated v. Commercial Union Insurance CompanyCourt of Appeals for the Seventh Circuit · 1995
66 more not listed; retrieve them via the Exa API.