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NEW ORLEANS PROPERTY DEVELOPMENT, LTD. v. AETNA CAS.

No. 93 CA 0692.

642 So.2d 1312 (1994)

NEW ORLEANS PROPERTY DEVELOPMENT, LTD., A Louisiana Partnership in Commendam v. AETNA CASUALTY AND SURETY COMPANY.

Court of Appeal of Louisiana, First Circuit.

Opinion on Grant of Rehearing July 12, 1994.

Attorney(s) appearing for the Case

Kathryn Wyble, Baton Rouge, for plaintiff-appellee New Orleans Property Development, Ltd.

Lawrence J. Boasso, Metairie, for defendant-appellant Aetna Cas. and Sur. Co.

Before CARTER, GONZALES and WHIPPLE, JJ.

CARTER, Judge.

This is an appeal from a trial court judgment in favor of plaintiff following the granting of plaintiff's motion for directed verdict.

FACTS

In early 1986, Bob Wright, managing partner of New Orleans Property Development Partnership (plaintiff), was contacted by an independent insurance agent and personal friend, Leon C. Moncla d/b/a Leon C. Moncla Insurance Agency (the Moncla Agency), regarding the purchase of insurance coverage...

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