Bond Safeguard Insurance v. National-Union Fire Insurance

In this diversity action, Plaintiffs-Appellants Bond Safeguard Insurance Company and Lexon Insurance Company (collectively, “Bond-Lexon”) appeal the district court’s grant of summary judgment in favor of Defendant-Appellee National Union Fire Insurance Company of Pittsburgh, PA (“National Union”) on their declaratory judgment claim. After review and oral argument, we affirm.

I. BACKGROUND

This appeal involves an insurance coverage dispute involving a Policy issued by National Union to Land Resource, LLC and its subsidiaries (collectively, “LRC” or “the insured LRC”). The issue is whether a…