St. Paul Mercury Insurance Co. v. Department of State, Division of Corporations

The St. Paul Mercury Insurance Company has appealed an order of the trial court finding that it was liable as surety under a performance bond issued for the benefit of the state as obligee. With the exception of the correction set forth below, we affirm.

St. Paul raises five issues on appeal: 1) that the trial court erred in finding that the bond issued by St. Paul was ambiguous; 2) that, if the bond was ambiguous, the trial court applied the incorrect standard for resolution of the ambiguity; 3) that there was no evidence to support an award of damages; 4) that the trial court erred in…