St. Paul Insurance Companies v. Fireman's Fund American Insurance Companies

MacLaughlin, Justice.

This is an interpleader action by St. Paul Fire and Marine Insurance Company (St. Paul) to determine its liability under three public local grain warehouseman’s bonds issued to Lafayette Farm Services, Inc. (Lafayette). The trial ¡court concluded that St. Paul was liable on the surety bonds and entered judgment in favor of the claimants. We affirm the conclusion that St. Paul is liable on the surety bonds but instruct the trial court to vacate judgment until the validity of other claims pending against the bonds is finally determined.

Public local grain warehouses are…