C E B Investments, LLC v. Nationwide Property and Casualty Insurance Company

UNITED STATES DISTRICT COURT WESTERN DISTRICT OF KENTUCKY PADUCAH DIVISION CEB INVESTMENTS, LLC PLAINTIFF v. No. 5:22-cv-162-BJB NATIONWIDE PROPERTY AND DEFENDANT CASUALTY INSURANCE COMPANY * * * * * MEMORANDUM OPINION AND ORDER This case concerns an unusual situation with a sensible resolution. A property owner agreed to sell a building, the buyer paid some but not all of the purchase price, a tornado destroyed the building, and both buyer and seller maintained insurance coverage. Who owes what to whom? The answer is simpler that might be expected, at least when (as here) one insurer already…