Spirit of Excellence, Ltd. v. Intercargo Insurance

Plaintiff-appellant and cross-appellee, Spirit of Excellence (SOE), through a trustee in bankruptcy, appeals the grant of a motion to reconsider a prior summary judgment favoring SOE, and entry of summary judgment for defendant-appellee and cross-appellant, Inter-cargo Insurance Company (Intercargo). SOE also appeals the order in favor of defendant-appellee, Abaco International Shippers, Inc. (Abaco), dismissing SOE’s third-amended complaint. On cross-appeal, Intercargo challenges the circuit court’s finding that SOE had an insurable interest in certain property under its policy.

The issues to…