Ace American Insurance Company v. The Wattles Company

ANDERSON, Circuit Judge:

*1243 This appeal involves a complicated property insurance coverage dispute between an insurer and a landlord claiming through its prior tenant, the named insured under the relevant policy. The insurer, Ace American Insurance Company ("Ace"), appeals the judgment of the district court granting summary judgment-and a coverage award of $1,133,918.93-to the landlord, The Wattles Company ("Wattles"). Ace argues that the $2 million policy deductible has not been met. Because the district court erred in concluding the deductible was satisfied, we reverse and remand with…