Professional Office Buildings, Inc. v. Royal Indemnity Co.

Professional Office Buildings, Inc. (POB), and other parties appeal from a summary judgment dismissing their complaint against the Royal Indemnity Company. POB, the owner of two liability policies issued by Royal, 1 sued to obtain coverage for its liability to a third party as determined in a Mississippi lawsuit. The issues are: (1) whether an insurer’s duty to defend its insured is determined solely by the allegations of the complaint, or whether extrinsic facts may be considered; (2) the appropriate rate of interest to be applied to the Mississippi judgment; and (3) whether the trial court…