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This document summarizes a court case between Fidelity & Casualty Company of New York (Fidelity), C.I.T. Corporation (CIT), and Marcelle Myers regarding insurance payments for a sunken shrimp boat. Fidelity had paid $205,000 to CIT as the mortgage holder after the boat sank, but later sought to recover that amount, arguing CIT had a duty to disclose damage to the boat prior to the policy. The district court granted summary judgment to CIT, finding it had no duty to disclose and had relied on Fidelity

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Scribd Government Docs

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