Permasteelisa CS Corp. v. Columbia Casualty Co.

OPINION OF THE COURT

ALDISERT, Circuit Judge.

This diversity action requires us to decide, under New Jersey law, the meaning of an insurance policy term that covers the insured against amounts it becomes “legally obligated to pay.” Construing that term, the District Court granted summary judgment against the insured, Plaintiff-Appellant Permasteelisa CS Corporation f/k/a Glassalum International Corporation (“Permasteelisa”), and in favor of the insurer, Defendant-Appellee Columbia Casualty Company (“CNA”), ruling that under Bacon v. American Insurance Co., 131 N.J.Super. 450, 330 A.2d 389…