O'Keefe v. Glacier General Assurance Co.

Commissioner of Insurance Mark O’Keefe, Liquidator for Glacier General Assurance Company (Glacier General), appeals from the District Court’s grant of summary judgment in favor of the Estate of Russell Michael, Jr. (the Estate). The court determined that the Estate’s claim in the amount of $1,749,000, less a two percent deductible, was valid and assigned the claim Class 3 priority in the distribution of Glacier General’s assets. We affirm.

The Estate’s claim arises from a financial security bond issued by Glacier General in November of 1984. At that time, Earl Parks (Parks) contracted to…