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State Courts -
Mississippi - February 1, 2007
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Caldwell Freight Lines, Inc. v. Lumbermens Mut. Cas. Co., NO. 2006-CA-00088-SCT,
SUPREME COURT OF MISSISSIPPI, February 1, 2007, Decided
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Overview: Catastrophe policy, by its plain language, covered only losses in excess of $ 1,000,000; catastrophe policy issuer paid the amount it contracted to pay and, consequently, was not liable for any gap in coverage caused by insured's primary insurer's insolvency. Catastrophe policy issuer did not owe insured duty to defend.
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Owens Corning v. Miss. Ins. Guar. Ass'n, NO. 2005-CA-01450-SCT,
SUPREME COURT OF MISSISSIPPI, February 1, 2007, Decided
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Overview: Trial court correctly granted Mississippi Insurance Guaranty Association's motion for summary judgment on corporation's action for declaratory relief and damages where, pursuant to Miss. Code Ann. § 83-23-109(f), underlying tort claimants were not claimants, the corporation was; however, residency was not met, and claim was not a covered claim.
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