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  5. 215 Cal.App.3d 825 (1989)
 

ALLSTATE INS. CO. v. INTERBANK FINANCIAL SERVICES

Docket No. G006664.

215 Cal.App.3d 825 (1989)

264 Cal. Rptr. 25

ALLSTATE INSURANCE COMPANY, Plaintiff and Respondent, v. INTERBANK FINANCIAL SERVICES et al., Defendants and Appellants.

Court of Appeals of California, Fourth District, Division Three.

October 31, 1989.

Attorney(s) appearing for the Case

COUNSEL

Rucker & Clarkson, Robert L. Clarkson, Juel Rubin-Hart, Brown, Arvanitis & McDonnell, John L. Romaker, Brown & DiRe and William J. Becker, Jr., for Defendants and Appellants.

Peterson, Ross, Schloerb & Seidel and Mark D. Peterson for Plaintiff and Respondent.

[Opinion certified for partial publication.*]

OPINION

SCOVILLE, P.J.

The primary issue presented by this appeal is whether an insurance company has a duty to defend or indemnify an insured under a business liability policy in an action between the insured and its client for securities fraud. We hold the insurance company has no such duty and affirm...

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