ABCD...Vision, Inc. v. Fireman's Fund Insurance Companies

Defendant insurer, Fireman’s Fund Insurance Companies, petitioned this court to review the decision of the Court of Appeals, which affirmed a declaratory judgment of the trial court holding that insurer was liable under an insurance policy for damages sustained to the property of the insured plaintiff, ABCD...Vision, Inc. ABCD...Vision, Inc. v. Fireman’s Fund Ins. Companies, 84 Or App 645, 734 P2d 1376 (1987). We allowed review to decide the issue whether the insurer was estopped from asserting two policy exclusions as defenses to the claimed damages of the insured because insurer had failed…