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FIRST ALA. BANK v. FIRST STATE INS. CO., INC.

No. 88-7387.

899 F.2d 1045 (1990)

FIRST ALABAMA BANK OF MONTGOMERY, N.A., Plaintiff-Appellee-Cross-Appellant, v. FIRST STATE INSURANCE COMPANY, INC., a corporation and Cameron and Colby Company, Incorporated, a/k/a Cameron and Colby Co., Incorporated, a Massachusetts corporation, Defendants-Appellants, Johnson & Higgins of Georgia, Inc., a corporation, 1st St. Ins. & Cameron & Colby, Defendants-Appellants-Cross-Appellees.

United States Court of Appeals, Eleventh Circuit.

April 27, 1990.

Attorney(s) appearing for the Case

Clyde C. Owen, Jr., Ball, Ball, Matthews & Novak, P.A., John R. Matthews, Jr., Montgomery, Ala., for defendants-appellants-cross-appellees.

M. Roland Nachman, Jr., Balch & Bingham, Montgomery, Ala., Lange, Simpson, Robinson & Somerville, Robert McD. Smith, Birmingham, Ala., for plaintiff-appellee-cross-appellant.

Kevin R. Jespersen, Manger, Kalison, Murphy & McBride, Morristown, N.J., Robert A. Huffaker, Rushton, Stakely, Johnston & Garrett, P.A., Montgomery, Ala., amicus curiae.

Richard H. Gill, Copeland, Franco, Screws & Gill, P.A., Montgomery, Ala., Daniel M. Blanca, Mendes & Mount, New York City, for First State Ins. Co. & Cameron & Colby.

Fournier J. Gale, III, Maynard, Cooper, Frierson & Gale, P.C., Walker Percy Badham, III, Birmingham, Ala., Joe C. Freeman, Jr., Howell Hollis, III, Jack N. Sibley, Freeman & Hawkins, Atlanta, Ga., for Johnson & Higgens of Ga., Inc.

Before TJOFLAT, Chief Judge, HATCHETT, Circuit Judge, and ESCHBACH, Senior Circuit Judge.

ESCHBACH, Senior Circuit Judge:

Defendants-Appellants First State Insurance Company ("First State"), Cameron and Colby Company, Inc. ("Cameron & Colby"), and Johnson & Higgins appeal from the trial court's award of compensatory and punitive damages in favor of plaintiff-appellee First Alabama Bank ("First Alabama") in a diversity action for fraud and breach of contract.1 Plaintiff filed this diversity

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