Ajax Building Corp. v. Hartford Fire Insurance

FAY, Circuit Judge:

Defendant-Appellant, Hartford Insurance Company (“Hartford”), appeals the district court’s award of summary judgment in favor of Plaintiff-Appellee, Ajax Building Corporation (“Ajax”), which had initiated suit for the use and benefit of St. Paul Insurance Company (“St.Paul”). Ajax sued Hartford, seeking to recover $225,000 St. Paul had paid to Kelley Equipment, Inc. (“Kelley”) on behalf of Ajax, due to a damaged crane, on the basis that Ajax and the crane were insured under a builder’s risk policy issued by Hartford. Although Hartford concedes that Ajax was an insured under…