State Farm Automobile Insurance Co. v. Raymer

OPINION

EASTAUGH, Justice.

I. INTRODUCTION

In Alaska, an innocent co-insured may recover insurance proceeds for his or her interest in property even if the other co-insured is responsible for its destruction. But Alaska law also requires an insured to have an “insurable interest” in the property to recover insurance proceeds. The superior court granted summary judgment to Tammy Ray-mer on her contract claim against State Farm, concluding that she was an innocent co-insured who had an insurable interest in a truck her husband, Michael Raymer, may have burned. It awarded Tammy one-half the value…