Carlson Holdings, Inc. v. NAFCO Insurance

MEMORANDUM OPINION AND ORDER

KYLE, District Judge.

INTRODUCTION

NAFCO Insurance Company (“NAF-CO”) insured Plaintiffs (hereinafter referred to collectively as “Carlson”) under an “All Risk” property insurance policy. The remaining Defendants then reinsured NAFCO’s policy with Carlson. Carlson submitted a claim with NAFCO for expenses it incurred while preparing for the year 2000 date (hereinafter “Y2K”) problem with its computers. Before NAFCO could fully investigate Carlson’s claim, Carlson filed suit against NAFCO and its reinsurers 1 seeking a judgment declaring that the NAFCO policy covers…