Summit MacHine Tool Manufacturing Corp. v. Great Northern Insurance Co.

BEA ANN SMITH, Justice.

Appellant Summit Machine Tool Manufacturing Corporation (“Summit”) sued its insurance carriers, appellees Great Northern Insurance Company and Chubb & Son, Inc. (together “Chubb”), 1 for various causes of action relating to Chubb’s failure to pay Summit’s claim under an insurance policy covering the shipment of manufacturing machines. The jury awarded Summit compensatory and exemplary damages; however, it also found that Summit willfully concealed or misrepresented material facts relating to the claim and that Chubb had not waived this policy defense. Based on the…