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BALZANO v. UNITED BANK OF DENVER

No. 86CA0081.

761 P.2d 229 (1988)

Robert D. BALZANO, Plaintiff-Appellee, Cross-Appellant, v. UNITED BANK OF DENVER NATIONAL ASSOCIATION, Defendant-Appellant, Cross-Appellee.

Colorado Court of Appeals, Div. I.

Rehearing Denied March 31, 1988.

Certiorari Denied September 12, 1988.

Attorney(s) appearing for the Case

Nichols & Kusic, Jon S. Nichols, Denver, for plaintiff-appellee, cross-appellant.

Holme Roberts & Owen, Donald K. Bain, Vicki E. Baer, Katherine J. Peck, Denver, for defendant-appellant, cross-appellee.

PIERCE, Judge.

Defendant, United Bank of Denver National Association (UBD), appeals the trial court judgment for conversion entered in favor of plaintiff, Robert D. Balzano, acting as receiver in liquidation of Aspen Indemnity Corporation (Aspen) and A.I.C. Agency (AIC). We reverse.

Aspen was a licensed insurance company writing property and casualty insurance in the state of Colorado. AIC was the acting insurance agent on behalf of Aspen. Although separate...

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