Tip's Package Store, Inc. v. Commercial Insurance Managers, Inc.

in which HOUSTON M. GODDARD, P.J., and HERSCHEL P. FRANKS, J., joined.

OPINION

D. MICHAEL SWINEY,J.

Plaintiffs H. Wayne Tipton (“Tipton”) and Tip’s Package Store, Inc., (“Tip’s”) brought this lawsuit against George P. Taylor (“Taylor”) and Commercial Insurance Managers, Inc., (“Commercial”) seeking indemnification for an agreed judgment entered against Tip’s in a lawsuit involving the tragic deaths of two young University of Tennessee students. Plaintiffs claim that Defendants improperly obtained for them an “occurrence” liability policy as opposed to a “claims made” liability policy, thereby…