Southern Pine Helicopters, Inc. v. Phoenix Aviation Managers, Inc. Old Republic Insurance Company

MORRIS SHEPPARD ARNOLD, Circuit Judge.

A helicopter owned by Southern Pine Helicopters, Inc. (Southern Pine), was damaged when a fire broke out in its en gine compartment. Southern Pine had a property damage insurance policy on the helicopter that was issued by Old Republic Insurance Company through Phoenix Aviation Managers,' Inc. (we hereinafter refer to these two companies collectively as “the insurer”). After unsuccessfully attempting to resolve a claim under the insurance policy relating to the fire, Southern Pine filed suit, alleging that the insurer had breached the insurance contract…