Truck Insurance Exchange v. Amoco Corp.

Opinion

KITCHING, J.

In a matter involving issues of insurance coverage, plaintiff and appellant Truck Insurance Exchange (Truck) appeals from the summary judgment entered in favor of defendant and respondent Amoco Corporation (Amoco) in a declaratory relief action alleging Amoco to be the “de facto” insurer for Cyprus Amax Minerals Company (Cyprus), a former wholly owned subsidiary, based on the parent corporation’s corporate policy of self-insuring itself and its subsidiaries. 1 Truck argues summary judgment was improper because Amoco’s statements and actions established the former parent…