Julson v. Federated Mutual Insurance Co.

AMUNDSON, Justice.

[¶ 1.] Richard and Doris Julson, and Viking Industries, Inc. (Julsons), appeal from a decision of the trial court granting summary judgment to Federated Mutual Insurance Co. (Federated) on Julsons’ claim for breach of the duty of good faith and fair dealing. We affirm.

FACTS AND PROCEDURAL HISTORY

[¶ 2.] Julsons formed and incorporated Viking Industries, Inc., a van conversion business located in Flandreau, South Dakota. On December 23,1988, the primary manufacturing facility burned to the ground. Julsons were insured by Federated, with a policy limit of $293,000.00 for the…