Providence Washington Insurance Co. of Alaska v. Fireman's Fund Insurance Companies

OPINION

COMPTON, Justice.

I. INTRODUCTION

Arctic Coast Fisheries (ACF) obtained a judgment against the City of Valdez (City), for which the City’s insurers were liable. Fireman’s Fund Insurance Companies (Fireman’s Fund), one of the City’s excess insurance carriers, negotiated a settlement with the City for an amount less than the original judgment. All of the City’s insurance carriers contributed to the settlement. Fireman’s Fund then sued Providence Washington Insurance Company of Alaska (Providence Washington), claiming Providence Washington was liable for post-judgment interest under the…