Fireman's Fund Mortgage Corp. v. Allstate Insurance Co.

OPINION

BURKE, Justice.

In this interpleader action, Fireman’s Fund Mortgage Corporation (Fireman’s Fund) and First National Bank of Anchorage (First National) each claim $28,175 which was interpled by Allstate Insurance Company. 1 The sum represents Allstate’s obligation under a fire insurance policy which it issued to cover the Fairbanks property involved in this case. Fireman’s Fund held a first deed of trust on the fire-damaged property, and First National held a second deed of trust. On cross-motions for summary judgment, the superior court granted First National’s motion and awarded it…