Certain Underwriters at Lloyds v. REGIONS INSURANCE, INC.

ORDER

WM. R. WILSON, JR., District Judge.

Pending is the Defendant’s Motion for Summary Judgment (Doc. No. 10). Plaintiff has responded, 1 and Defendant has replied. 2 For the reasons set out below, Defendant’s Motion is GRANTED in part and DENIED in part.

I. BACKGROUND 3

Insurisk Excess & Surplus Lines (“Insurisk”) is a subsidiary of Regions Insurance Company, Inc. (“Regions”). Plaintiff (“Underwriters”) and Regions entered into a Binding Authority Agreement, which authorized Insurisk to act as an agent and bind Underwriters to certain types of insurance coverage in certain regions. The Binding…