North Iowa State Bank v. Allied Mutual Insurance Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding an insurer has a fiduciary duty to represent the in sured’s position against a third party
• stating insurer does not occupy a fiduciary relationship to insured when evaluating insured’s claim under policy; rather, parties are in an “arms-length” relationship
• in a first-party bad-faith claim, “the insurer has no clearly defined duty of investigation [as in a third-party claim] and may require the insured to present adequate proof of loss before paying the claim.”
• judgment actually rendered controlled determination of insurance coverage

Source: CourtListener parenthetical corpus (CC0).