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N. AMERICAN INS. v. EMPLOYERS REINSURANCE

No. 2002 CA 2649.

857 So.2d 606 (2003)

NORTH AMERICAN SPECIALTY INSURANCE COMPANY v. EMPLOYERS REINSURANCE CORPORATION, Brunson Bonding and Insurance Agency, Inc., and T. Reid Methvin.

Court of Appeal of Louisiana, First Circuit.

September 26, 2003.

Attorney(s) appearing for the Case

Albert Dale Clary, Jennifer J. Vosburg, Jamie Hurst Watts, Baton Rouge, for Plaintiff-Appellant, North American Specialty Ins. Co.

Joseph L. McReynolds, New Orleans, for Defendants-Appellees, Employers Reinsurance Corp. and Brunson Bonding & Ins. Agency, Inc.

Before: CARTER, C.J., PARRO, and GUIDRY, JJ.

CARTER, C.J.

This appeal arises out of an action originally filed by North American Specialty Insurance Company (NAS) alleging that T. Reid Methvin (Methvin), an employee of Brunson Bonding & Insurance Agency, Inc. (Brunson), had issued numerous construction bonds without obtaining prior approval from NAS as required by an agency agreement between NAS and Brunson. After learning about the unauthorized bonds, NAS accepted and retained payment of the premiums from...

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