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BORDEN, INC. v. AFFILIATED FM INS. CO.

No. C-2-85-809.

682 F.Supp. 927 (1987)

BORDEN, INC., Plaintiff, v. AFFILIATED FM INSURANCE CO., Defendant.

United States District Court, S.D. Ohio, E.D.

November 4, 1987.

Attorney(s) appearing for the Case

Colleen Nissl, Columbus, Ohio, Irene C. Warshauer, Rosemary H. Yeoh, New York City, for plaintiff.

Thomas L. Long, Columbus, Ohio, Donald B. Hilliker, Linda J. Chase, Chicago, Ill., for defendant.

DECISION AND ORDER

GRAHAM, District Judge.

The plaintiff, Borden, Inc., is a New Jersey Corporation and has its principal place of business in Columbus, Ohio. The defendant, Affiliated F.M. Insurance Company ("Affiliated") is a Rhode Island Corporation and has its principal place of business in Johnston, Rhode Island. In 1974, plaintiff purchased a first layer excess liability policy from defendant. This policy provided for a $500,000 retained limit for...

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