Grain Processing Corporation and Glenmore Distilleries Company v. Continental Insurance Co.

FAGG, Circuit Judge.

Continental Insurance Company (Continental) appeals from the district court’s grant of summary judgment in favor of Grain Processing Corporation (GPC) and Glenmore Distilleries Company (Glenmore). Continental claims the district court committed error in finding that it was liable under a policy of marine cargo insurance it issued to GPC. Finding, as did the district court, that Glenmore has an insurable interest covered under the policy, we affirm.

This dispute involves the interpretation of a contract of insurance issued to GPC, a merchant dealing in grain alcohol, by…