Ark. Grain Corp. v. Lloyd’s

Ed. F McFaddin, Justice.

This case necessitates a decision as to liability between two insurance policies, one having a “pro rata” clause, and the other having an “excess” clause. While the case is styled, Arkansas Grain Corporation against Certain Underwriters at Lloyd’s, London, the real parties in interest are the Grain Dealers Mutual Insurance Company (hereinafter called “Grain Dealers”), as appellant, and Certain Underwriters at Lloyd’s, London (hereinafter called “Lloyd’s”), as appellee. Grain Dealers prosecutes the appeal under an instrument which, for all practical purposes, amounts to…