Sorema North American Reinsurance Co. v. Johnson

Ellington, Judge.

Sorema North American Reinsurance Company d/b/a Fulcrum Insurance Company (“Fulcrum”) appeals from a superior court order granting summary judgment to Ronald J. Johnson. The superior court concluded that Fulcrum was liable under a policy of insurance for vandalism damage to a vacant building Johnson purchased from Fulcrum’s insured, Emergent Financial Corporation (“Emergent”). Fulcrum, however, contends that it is entitled to summary judgment and that the trial court found coverage only by misconstruing the policy’s vacancy exclusion. We agree and reverse.

Summary judgment is…