Great American Insurance Company v. Lexington Insurance Company

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF INDIANA HAMMOND DIVISION GREAT AMERICAN INSURANCE COMPANY, Plaintiff, v. CAUSE NO.: 2:22-CV-345-TLS LEXINGTON INSURANCE COMPANY, Defendant. OPINION AND ORDER This is an action between a surety—Plaintiff Great American Insurance Company (GAIC)—and an insurer—Defendant Lexington Insurance Company (Lexington)—to determine the right to an approximately $4.4 million Net Award in arbitration proceedings made to Figg Bridge Builders (FBB)—the surety’s principal and the insurer’s insured. GAIC contends its right to the Net Award derives from a…