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RESERVE INS. CO. v. GENERAL INS. CO. OF AMERICA

No. 78-798.

77 Ill. App.3d 272 (1979)

395 N.E.2d 933

RESERVE INSURANCE COMPANY, Plaintiff-Appellee, v. GENERAL INSURANCE COMPANY OF AMERICA, Defendant-Appellant. — (CONTINENTAL CASUALTY COMPANY, Defendant-Appellee.)

Appellate Court of Illinois — First District (2nd Division).

Modified on denial of rehearing November 6, 1979.

Attorney(s) appearing for the Case

William J. Harte, Ltd., and Kralovec, Sweeney, Marquard & Doyle, both of Chicago (William J. Harte and Henry J. Marquard, of counsel), for appellant.

Schiff, Hardin & Waite, of Chicago (James B. O'Shaughnessy, Aaron J. Kramer, and William J. Van Susteren, of counsel), for appellee Reserve Insurance Company.

Edward J. Kionka, of Columbia, and Gilmartin, Wisner and Hallenbeck, Ltd., of Chicago (Edward J. Kionka and Richard S. Wisner, of counsel), for appellee Continental Casualty Company.

Affirmed in part and reversed in part.

Mr. JUSTICE DOWNING delivered the opinion of the court:

This appeal arises out of plaintiff Reserve Insurance Company's (Reserve) suit against defendants General Insurance Company of America (General) and Continental Casualty Company (Continental) to recover damages for losses sustained as a result of certain alleged dishonest acts of Harry O'Brien (O'Brien), the manager of Reserve's bond department. General and Continental...

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