Patton Elec. Co., Inc. v. Gilbert

STATON, Presiding Judge.

Patton Electric Company and Ramasses Corporation (insureds) sued James Gilbert, et al. (insurors) seeking compensatory and punitive damages alleging that insurors wrongfully and maliciously breached their insurance contract with insureds when, after insureds' building was damaged by fire, insurors refused to "pay the full amount of the agreed loss." In June of 1980, insureds' suit was dismissed for failure to prosecute. In November of 1982, insureds filed a motion to reinstate the lawsuit. Insureds appeal from the denial of that motion. The issue presented by this case…