Steve D. Thompson Trucking, Inc. v. Twin City Fire Insurance Company

I

Appellant Steve D. Thompson Trucking, Inc. (“Thompson Trucking”) purchased a primary liability insurance policy from Northwest Insurance Company for coverage from May 1, 1982 to May 1, 1983. Thompson Trucking also purchased an umbrella liability policy from appellee Twin City Fire Insurance Company (“Twin City”) that provided excess coverage for the same period.

Section one of Twin City’s policy, entitled “Coverage” provides that:

The company will indemnify the insured for ultimate net loss in excess of the underlying limit or the self-insured retention [$10,000], whichever is greater, because…