COA: primary before true excess policies
Indiana’s “Lease Statute” can’t be used to determine the priority of insurance coverage between a primary insurance policy and true excess policies, ruled the Indiana Court of Appeals today in a case of first impression. Old Republic Insurance appealed the trial court’s decision in Old Republic Insurance Co. v. RLI Insurance Co., et al., No. 49A04-0709-CV-523, which determined Old Republic’s policy had higher priority over other excess policies and that the Lease Statute didn’t allow for ranking different types of insurance policies….