INTERSTATE PRODUCTION CR. v. FIREMAN'S FUND INS.

No. 90-35367.

944 F.2d 536 (1991)

INTERSTATE PRODUCTION CREDIT ASSOCIATION, Plaintiff-Appellant, v. FIREMAN'S FUND INSURANCE COMPANY, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided September 11, 1991.


Attorney(s) appearing for the Case

Barry P. Caplan and Richard G. Spier, Sussman, Shank, Wapnick, Caplan & Stiles, Portland, Or., for plaintiff-appellant.

I. Franklin Hunsaker, James L. Knoll, Loren D. Podwill, Bullivant, Houser, Bailey, Pendergrass & Hoffman, Portland, Or., for defendant-appellee.

Before GOODWIN, ALARCON and HALL, Circuit Judges.


ALARCON, Circuit Judge:

The Interstate Production Credit Association (IPCA) appeals from the order granting summary judgment in favor of Fireman's Fund Insurance Company (Fireman's Fund). Fireman's Fund asks us to reverse the order granting partial summary judgment in favor of IPCA.

We must decide whether Fireman's Fund is liable, under the special terms of its fidelity bond, for losses suffered by IPCA resulting from loans made to a borrower corporation controlled...

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