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AUSTIN CO. v. ROYAL INS. CO.

842 S.W.2d 608 (1992)

The AUSTIN COMPANY & Cigar Supply Company, Plaintiff-Appellants, v. ROYAL INSURANCE COMPANY, Defendant-Appellee.

Court of Appeals of Tennessee, Eastern Section.

Application for Permission to Appeal Denied November 23, 1992.

Attorney(s) appearing for the Case

Jerry W. Laughlin, Greeneville, for plaintiffs-appellants.

Thomas L. Kilday, Milligan & Coleman, Greeneville, for defendant-appellee.

Application for Permission to Appeal Denied by Supreme Court November 23, 1992.

OPINION

FRANKS, Judge.

The insured appeals from the Chancellor's decision that the insurance company was authorized to settle a claim and the decision to settle was made in good faith.

The Chancellor's findings are supported by a preponderance of the evidence, and we adopt from his opinion:

"This suit is between the Austin Company and one of its wholly...

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