United States Fire Insurance v. Federal Insurance

KEARSE, Circuit Judge:

Plaintiff United States Fire Insurance Co. (“U.S. Fire”) appeals from a final judgment entered in the United States District Court for the Southern District of New York following a bench trial before Bernard Newman, Judge* awarding U.S. Fire $61,057.50 as reimbursement from defendant Federal Insurance Co. (“Federal”) for one-sixth of an amount paid by U.S. Fire in settlement of a personal injury suit against their common insured, 670 F.Supp. 1191 (S.D.N.Y.1987). On appeal, U.S. Fire contends (1) that Federal should have been required to reimburse it for the entire amount…