Ace American Insurance v. Underwriters at Lloyds & Companies

OPINION BY

DANIELS, J.:

BACKGROUND OF CASE

¶ 1 The facts and procedural history pertinent to each of these consolidated appeals will be hereinafter addressed fully, but the underlying litigation is between ACE American Insurance Company (“ACE”), a commercial insurer, and its Errors and Omissions (“E & O”) insurers, Columbia Casualty Company (“Columbia”) and Universal Underwriters at Lloyds and Companies (“Lloyds”). The dispute arose out of a claim reported by ACE to Columbia and Lloyds, under its E & 0 policy; Columbia and Lloyds denied ACE’s claim as untimely noticed to them. Because of this…