Central Life Insurance Co. v. Aetna Casualty & Surety Co.

SCHULTZ, Justice.

This appeal presents issues arising out of an appraisal provision in a fire insurance policy. Central Life Insurance Company (Central) was the insured under a policy issued by Aetna Casualty and Surety Company (Aetna). Following a fire loss on June 23, 1987, Central invoked the appraisal process under the policy resulting in an award of $522,233. Aetna filed a declaratory judgment action in district court seeking to vacate the award. Central not only resisted vacation of the award, but in a separate action also sought damages from Aetna for bad faith in failing to pay the…