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GEN. ACC. v. BORG-WARNER ACCEPTANCE CORP.

No. 85-2539.

483 So.2d 505 (1986)

GENERAL ACCIDENT INSURANCE COMPANY, Petitioner, v. BORG-WARNER ACCEPTANCE CORPORATION and Joseph J. Packal D/B/a Welcome Video & Electronics, Respondents.

District Court of Appeal of Florida, Fourth District.

February 19, 1986.

Attorney(s) appearing for the Case

David C. Willis of Neilson & Associates, Orlando, for petitioner.

James E. Tribble of Blackwell, Walker, Fascell & Hoehl, Miami, for respondent Borg-Warner.

David Jack Palgon of Engel & Palgon, P.A., Miami, for respondents Joseph J. Packal and Welcome Video & Electronics.

DOWNEY, Judge.

Following a series of alleged theft losses, Joseph J. Packal d/b/a Welcome Video & Electronics ceased making payments on its obligations to Borg-Warner, who held a security interest in Welcome Video's inventory. Welcome Video also filed a claim against General Accident for benefits under an insurance policy issued by General Accident. Following an extensive investigation of the circumstances surrounding the alleged thefts, General Accident declined...

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