Institute of London Underwriters v. Hartford Fire Insurance

PRESIDING JUSTICE McNULTY

delivered the opinion of the court:

A declaratory judgment action was filed by plaintiff Institute of London Underwriters (the Institute) against defendant Hartford Fire Insurance Company (Hartford), seeking a judicial declaration that Hartford was obligated to pay a 50% share of an accident settlement procured by the Institute involving a claim against The Great Lakes Towing Company (Great Lakes) within the coverage of each insurance company’s policy. The trial court denied the Institute’s request for relief and granted summary judgment to Hartford on the issue of…