United States Fire Insurance v. Peerless Insurance

On December 27, 1999, the plaintiff, United States Fire Insurance (U.S. Fire), paid $1.75 million in settlement of insurance claims that arose from a civil suit brought by a condominium trust against parties insured by U.S. Fire. On December 11, 2000, U.S. Fire brought this action against the defendant, Peerless Insurance Company (Peerless), seeking through a variety of theories to require Peerless to contribute toward the amount paid in settlement because Peerless, too, allegedly provided coverage on these claims to U.S. Fire’s insureds. This matter comes before this court on the parties’…