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HOME FEDERAL SAV. & L. ASS'N OF CHICAGO v. REPUBLIC INS. CO.

No. 16568.

405 F.2d 18 (1968)

HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO, Plaintiff-Appellant, v. REPUBLIC INSURANCE COMPANY, Defendant-Appellee.

United States Court of Appeals Seventh Circuit.

December 23, 1968.

Attorney(s) appearing for the Case

Gerald White, Courshon & White, Chicago, Ill., for plaintiff-appellant.

Samuel Levin, Chicago, Ill., for appellee.

Before SWYGERT, FAIRCHILD and CUMMINGS, Circuit Judges.

FAIRCHILD, Circuit Judge.

In this action1 a lending institution mortgagee seeks recovery under an errors and omissions insurance policy. The claim is that the mortgagee failed to have requisite fire insurance in force when the mortgaged property was damaged by fire.

The mortgaged property was a shopping center. A builder's risk fire insurance policy ($925,000) had been in force while the...

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