United States Sixth Circuit

In a dispute over insurance coverage arising when plaintiff-bank suffered a multi-million-dollar loss stemming from a mortgage lender's fraud, summary judgment against a primary carrier and in favor of excess carriers is affirmed where: 1) the district court correctly determined that bank was entitled to coverage under its primary policy; and 2) bank failed to satisfy a provision in each of the excess carriers' supplemental insurance policies which required "simultaneous notice" of any claim made under the primary coverage policy.

Appellate Information

• Decided 02/27/2007
• Published 02/27/2007

Judges

• Before: SUTTON and GRIFFIN, Circuit Judges;  COHN, District Judge.

Court

• United States Sixth Circuit

Counsel

• For Appellees:
  
• ARGUED:  Douglas A. Black, Wyatt, Tarrant & Combs, Memphis, Tennessee, for Appellant.  Jeffrey S. Price, Manier & Herod, Nashville, Tennessee, H. Frederick Humbracht, Jr., Boult, Cummings, Conners & Berry, Nashville, Tennessee, for Appellees.   ON BRIEF:  Douglas A. Black, Thomas R. Dyer, Wyatt, Tarrant & Combs, Memphis, Tennessee, for Appellant.   Jeffrey S. Price, John M. Gillum, Sam H. Poteet, Jr., Manier & Herod, Nashville, Tennessee, H. Frederick Humbracht, Jr., Boult, Cummings, Conners & Berry, Nashville, Tennessee, Michael Keeley, John R. Riddle, Strasburger & Price, Dallas, Texas, Michael G. McLaren, Vickie Hardy Jones, Black, McLaren, Jones & Ryland, Memphis, Tennessee, for Appellees.