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SOUTHTRUST BANK v. ALABAMA LIFE & D. INS.

89-0477, 89-0491.

578 So.2d 1302 (1991)

SOUTHTRUST BANK OF ALABAMA, NATIONAL ASSOCIATION v. ALABAMA LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION. Terry BOWEN v. ALABAMA LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION.

Supreme Court of Alabama.

May 3, 1991.

Attorney(s) appearing for the Case

Robert G. Tate, F.A. Flowers III and Mark M. Lawson of Burr & Forman, Birmingham, for appellant SouthTrust Bank of Alabama, Nat. Ass'n.

George L. Beck, Jr., Montgomery, for intervenors Terry Bowen, et al.

James C. Huckaby, Jr. and Charles A. McCallum III of Haskell, Slaughter & Young, Birmingham, for appellee.

KENNEDY, Justice.

SouthTrust Bank of Alabama (hereinafter "SouthTrust"), filed an action against the Alabama Life and Disability Insurance Guaranty Association (hereinafter "ALDIGA"), seeking indemnification from ALDIGA for the failure of an insurance company to pay the proceeds of insurance policies on five separate trusts. The trial court entered a summary judgment for ALDIGA. We affirm.

In 1962, George L. Jones was employed jointly as the executive director...

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