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NATIONAL BANK v. ST. PAUL FIRE & MARINE

No. 1 CA-CV 98-0031.

975 P.2d 711 (1999)

193 Ariz. 581

NATIONAL BANK OF ARIZONA, a national banking association, Plaintiff-Appellant, v. ST. PAUL FIRE AND MARINE INSURANCE COMPANY, a foreign corporation, Defendant-Appellee.

Court of Appeals of Arizona, Division 1, Department B.

March 16, 1999.

Attorney(s) appearing for the Case

White, Cummings & Longino, P.C. by David L. White Robert W. Blesch, Phoenix, for Plaintiff-Appellant.

Jennings, Haug & Cunningham by William F. Haug Jorge Franco, Jr., Phoenix, for Defendant-Appellee.

OPINION

RYAN, Judge

¶ 1 National Bank of Arizona ("NBA") sought a declaratory judgment against St. Paul Fire and Marine Insurance Company ("St.Paul") regarding a Directors & Officers Liability Policy ("D & O Policy") NBA purchased from St. Paul. NBA alleged that its D & O Policy provided coverage for all costs, charges, and expenses NBA incurred in defending two lawsuits against it. In both lawsuits NBA was named as a defendant, but none...

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