Downhole Navigator, L.L.C. v. Nautilus Insurance C

EDWARD C. PRADO, Circuit Judge:

Plaintiff-Appellant Downhole Navigator, L.L.C. (“Downhole”) appeals from the magistrate judge’s grant of partial summary judgment for Defendant-Appellee Nautilus Insurance Company (“Nautilus”). 1 Nautilus (the insurer) had issued Downhole (the insured) a commercial general liability policy; after a third party, Sedona Oil and Gas Corporation (“Sedona”), sued Downhole, Downhole rejected the representation offered by Nautilus under the policy on the ground that Nauti lus’s reservation-of-rights letter had created a conflict of interest. Downhole hired its own…