COLONIAL SURETY COMPANY v. UNITED STATES

No. 360-57.

178 F.Supp. 600 (1959)

COLONIAL SURETY COMPANY v. UNITED STATES.

United States Court of Claims.

December 2, 1959.


Attorney(s) appearing for the Case

Samuel H. Levy, Philadelphia, Pa., for plaintiff. Bernard Wolfman, Marvin Katz, and Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., were on the briefs.

Jerome S. Hertz, Washington, D. C., with whom was Asst. Atty. Gen., Charles K. Rice, for defendant. James P. Garland and Lyle M. Turner, Washington, D. C., were on the brief.


WHITAKER, Judge.

Plaintiff is a Pennsylvania stock casualty company engaged in the business of insuring against damage to automobiles. It is wholly owned by the First Pennsylvania Banking & Trust Company. This bank finances the purchase of automobiles; plaintiff's principal business is insuring the automobiles financed by the bank.

Plaintiff reinsured the business it wrote with the Insurance Company of North America, under which North America assumed liability...

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