Home Insurance v. American Home Products Corp.

The Home Insurance Company (“Home”) appeals from a judgment of the United States District Court for the Southern District of New York, Duffy, J., entered upon cross-motions for summary judgment, declaring that Home is obligated to indemnify American Home Products Corporation and Wyeth Laboratories, Inc. (together “AHP”) for a punitive damage award rendered against AHP. AHP cross-appeals from that portion of the court’s judgment declaring that Home is not obligated to indemnify AHP for post-judgment interest and for defense costs. For the reasons that follow, we reverse the district court’s…