U-Haul Int'l. v. Lumbermens Mutu

Summary

This oral argument concerns the dispute between Plaintiff, U-Haul and Defendant, Lumbermens Mutual Casualty Company (LMC). U-Haul intended to be covered by a comprehensive insurance scheme that would involve four different insurance policies, one of which was with LMC.

The first three policies were with insurance company Western Republic. The policy with LMC would attached once a $7,000,000 limit was reached with Western Republic. The parties disagree about whether the payment of indemnity and loss adjustment expenses or the payment of indemnity alone (1) exhausts the $7,000,000 total limit of the Republic Western policies and (2) may trigger the coverage of the LMC policy.