Insurance Co. of North America v. Aberdeen Insurance Services, Inc.

MAGILL, Circuit Judge:

In January 1997, Appellants Insurance Company of North America (“INA”) and Maitland Brothers Company (“Maitland”) brought suit against Aberdeen Insurance Services, Inc. (“Aberdeen”) and various London Underwriters (the “Underwriters”) in federal district court, seeking coverage under an insurance policy issued by Aberdeen to Offshore Diving and Salvage, Inc. (“Offshore”), a Maitland subcontractor. The Underwriters filed a counterclaim, alleging Appellants brought their suit in bad faith. After an eight-day trial, a jury entered a special verdict, deciding in favor of INA…