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NATIONAL FAMILY INS. CO. v. EXCHANGE NAT. BANK OF CHICAGO

No. 71-1617.

474 F.2d 237 (1973)

NATIONAL FAMILY INSURANCE COMPANY, a Minnesota Corporation, Plaintiff-Appellant, v. EXCHANGE NATIONAL BANK OF CHICAGO, a National Banking Association, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided February 20, 1973.

Rehearing Denied March 15, 1973.

Attorney(s) appearing for the Case

Dom J. Rizzi, Frank J. Pause, Chicago, Ill., for plaintiff-appellant.

Edgar Bernhard, Selwyn Zun, Robert W. Gettleman, Chicago, Ill., for defendant-appellee.

Before HASTINGS, Senior Circuit Judge, and FAIRCHILD and PELL, Circuit Judges.

HASTINGS, Senior Circuit Judge.

National Family Insurance Company, a Minnesota corporation (National Family), filed this action in the district court against Exchange National Bank of Chicago, a national banking association (Exchange Bank). Plaintiff is an insurance company and at all times herein concerned was 100 per cent reinsured by American Allied Insurance Company (American Allied) at a cost to plaintiff of more than $1,000,000 in premiums. American Allied was...

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