Rsui Indemnity Company v. the Lynd Company

in which Justice Johnson, Justice Willett, Justice Guzman, Justice Lehrmann, and Justice Devine joined.

This appeal involves an excéss insurance policy that covered multiple commercial properties and limited the coverage to “the least” of three alternative amounts. When fifteen of the covered properties were damaged in one occurrence, the insurer calculated “the least” of the three alternative limits'separately for each covered item at each damaged property, on an item-by-item basis. The insured contends that “the least” of the three limits applies just once in any one occurrence to the total…