FIRST NEWTON NAT. BANK v. GEN. CAS. CO.

No. 87-700.

426 N.W.2d 618 (1988)

FIRST NEWTON NATIONAL BANK, Appellee, v. GENERAL CASUALTY COMPANY OF WISCONSIN, General Casualty Company of Illinois, and Regent Insurance Company, Appellants, Travelers Insurance Company, Defendant.

Supreme Court of Iowa.

June 15, 1988.


Attorney(s) appearing for the Case

Jack W. Rogers, Des Moines, for appellants.

Robert M. Austin, Minneapolis, Minn., and Richard E.H. Phelps II, Newton, for appellee.

Considered by McGIVERIN, C.J., and LARSON, CARTER, LAVORATO, and ANDREASEN, JJ.


LAVORATO, Justice.

In this declaratory judgment action we must decide whether the district court properly found that the appellant insurance companies have potential liability in a lawsuit against a policyholder, the First Newton National Bank, and therefore have a duty to defend the bank on all counts in that suit. First Newton was sued with other parties for alleged misconduct in the financing of two distressed farms.

The appellants here are the General...

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