Budget Premium Co. v. American Casualty Co.

Budget Premium Company (Budget), the plaintiff, appeals from the orders which denied its motion to amend the pleadings and which granted judgment to the defendant, American Casualty Company (American).

On behalf of Irish’s Cab, Inc. (Cab), Budget advanced $3,465 for premiums for Workers’ Compensation Policy No. AR547197(81). Budget notified American that in the premium financing contract for the policy period commencing January 29, 1980, and expiring January 29, 1981 (period one), Cab assigned premiums due and payable under the policy to Budget as security so that unearned premiums due to…