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Fortune Insurance And Surety Co., Inc. vs. Court of Appeals 244 SCRA 308

FORTUNE INSURANCE AND SURETY CO., INC., petitioner, vs. COURT OF APPEALS and PRODUCERS BANK OF THE PHILIPPINES, respondents.

G.R. No. 115278 | 1995-05-23

FIRST DIVISION
D E C I S I O N 
 
DAVIDE, JR., J.: 
 
The fundamental legal issue raised in this petition for review on certiorari is whether the petitioner is liable under the Money, Security, and Payroll Robbery policy it issued to the issued to the private respondent or whether recovery thereunder is precluded under the general exceptions clause thereof. Both the trial court and the Court of Appeals held that there should be recovery. The petitioner contends otherwise. 
 
This case began with the filing with the Regional Trial Court (RTC) of Makati, Metro Manila, by private respondent Producers Bank of the...