American Employers' Insurance v. Continental Casualty Co.

OPINION

STEPHENSON, Justice.

This suit was brought by American Employers’ Insurance Company (“American”) against Continental Casualty Company (“Continental”) for a declaratory judgment determining the respective obligations of those insurance companies to a Mr. Powell and his successor partnership, an engineering firm, common insureds (hereinafter collectively called “the insured”) of American and Continental, and to determine the liability of American to reimburse and indemnify Continental for expenditures made in defending and settling two suits against the insured. Continental counterclaimed…