U.S. FIRE INS. CO. v. FIRST ST. BK. OF EL PASO

No. 6478.

538 S.W.2d 209 (1976)

UNITED STATES FIRE INSURANCE COMPANY, Appellant, v. FIRST STATE BANK OF EL PASO, Texas and Kenneth C. Dean, Appellees.

Court of Civil Appeals of Texas, El Paso.

Rehearing Denied June 30, 1976.


Attorney(s) appearing for the Case

Bailey, Williams, Westfall & Fowler, James A. Williams, Dallas, for appellant.

Grambling, Mounce, Deffebach, Sims, Hardie & Galatzan, Malcolm Harris, El Paso, for appellees.


OPINION

PRESLAR, Chief Justice.

This case involves the interpretation of an insurance policy commonly known as a Banker's Blanket Bond, the right of the bank to recovery where money is lost by extortion, and the further question of the right of the insurer to recover against a president of a bank who complied with the extortionist's demands.

The trial Court, sitting without a jury, and based on stipulated facts, entered judgment for the bank against...

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