Federal Insurance Company, & v. Tri-State Insurance Company, & Cross-Appellee

EBEL, Circuit Judge.

Federal Insurance Company (“Federal”) settled a claim against its insured for $2.75 million. Federal’s insured was also listed as an additional insured under policies issued by Tri-State Insurance Company (“Tri-State”). Federal sued Tri-State for indemnification of the $2.75 million. The district court held that Tri-State owed Federal $2 million under two of Tri-State’s policies, but that two other Tri-State policies were inapplicable and that Federal could not recover prejudgment interest. Tri-State appeals and Federal cross-appeals. We affirm in part and reverse in part.

B…