Prime Hospitality Corp. v. General Star Indemnity Co.

MEMORANDUM

All that remains of this case is a dispute between two excess insurance carriers over the amount one group should have paid to settle the hurricane damage claim of the insured. Ten months after Hurricane Marilyn seriously damaged Frenchman's Reef Hotel on St. Thomas, Hurricane Bertha inflicted a second round of destruction in 1996. At the time of the latter hurricane, the owner of the hotel, Prime Hospitality Corp. ["Prime"], was insured through several insurance companies who participated in the risk at successive levels of coverage in different proportions. Royal Insurance Company…