Russ-Field Corp. v. Underwriters at Lloyd's

The questions presented by this appeal relate to the scope of the coverage of a rather special and unique contract of insurance issued by the Underwriters at Lloyds, London, and denominated “Feature Motion Picture Errors and Omissions Insurance for Studios and/or Distributors.” The trial court held that the claim which gave rise to the loss in question constituted a risk within the coverage of the policy and accordingly rendered judgment for plaintiff, the insured. The defendant insurance carriers have appealed.

Plaintiff, a producer of motion pictures, owned the motion picture rights to a…