Legal Opinion
Archer Daniels Midland Company v. Hartford Fire Insurance Company
Court of Appeals for the Seventh Circuit
Decided March 14, 2001No. 98-1608PublishedCited by 16 opinions
1Opinion of the Court
EASTERBROOK, Circuit Judge.
For many years Archer Daniels Midland (adm) bought $50 million of business-interruption coverage from Employers’ Insurance of Wausau. But when Wausau quoted a price increase of roughly $19,000 (from $43,750 to $62,500) for adm’s 1993 fiscal year, adm deemed the premium excessive and went shopping for a bargain. This attempt to save $19,000 has cost adm $50 million, for the replacement insurance did not cover the losses adm sustained as a result of the flood in the upper Mississippi River basin during 1993, the greatest in the nation’s history. In this litigation…
2Cases cited13 opinions
- Foman v. DavisSupreme Court of the United States · 1962
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Beacon Theatres, Inc. v. WestoverSupreme Court of the United States · 1959
- Dairy Queen, Inc. v. WoodSupreme Court of the United States · 1962
- Emil J. Bartholet v. Reishauer A.G. (Zurich) and Reishauer Corporation (Elgin)Court of Appeals for the Seventh Circuit · 1992
8 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- 188 LLC v. Trinity Industries, IncorporatedCourt of Appeals for the Seventh Circuit · 2002
- United States Fidelity & Guaranty Co. v. Lee Investment LLCCourt of Appeals for the Ninth Circuit · 2011
- Landmark American Insurance Co v. Deerfield Construction, Inc.Court of Appeals for the Seventh Circuit · 2019
- Zurich American Insurance Co. v. Abm Industries, Inc.Court of Appeals for the Second Circuit · 2005
- Kleppinger v. Texas Department of TransportationDistrict Court, S.D. Texas · 2012
11 more not listed; retrieve them via the Exa API.