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SECURITY UNION TITLE INS. v. CITIBANK

No. 97-841.

715 So.2d 973 (1998)

SECURITY UNION TITLE INSURANCE COMPANY, formerly known as Safeco Title Insurance Company, Appellant, v. CITIBANK (FLORIDA), N.A., as successor to the Federal Deposit Insurance Corporation as liquidator of Caribank, a Florida Banking Association, Appellee.

District Court of Appeal of Florida, First District.

Rehearing Denied August 25, 1998.

Attorney(s) appearing for the Case

John Beranek, of Ausley & McMullen, Tallahassee; Christine Rieger Milton, of Mahoney, Adams & Criser, Jacksonville; and James V. Lau, of Lau, Lane, Pieper, Conley & McCreadie, Tampa, for Appellant.

Waddell A. Wallace, III and James H. Post, of Smith, Hulsey & Busey, Jacksonville, for Appellee.

Lee Huszagh, Tallahassee, Amicus Curiae for American Land Title Association and Florida Land Title Association.

MINER, Judge.

Raising several issues, appellant (Safeco) seeks review of a multi-million dollar judgment based on an adverse jury verdict. Because we conclude that Safeco was entitled to a directed verdict below on the issue of its vicarious liability for fraud committed by its agent, we reverse and remand for further consistent proceedings. In view of this disposition, we find it unnecessary to reach the other points on appeal.

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