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U.S. FIRE INS. CO. v. CHARTER FINANCIAL GROUP

No. 87-2382.

851 F.2d 957 (1988)

UNITED STATES FIRE INSURANCE COMPANY, INC., Plaintiff-Appellant, v. CHARTER FINANCIAL GROUP, INC., Houston Industrial Systems, Inc., Woodland Feed Company, Inc., Benny R. Cleveland, M.D., James M. Hebert, D.D.S., Joe Whittington, "John Doe," Unknown Claimants, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided July 12, 1988.

Attorney(s) appearing for the Case

Stephen J. Peters, Stewart & Irwin, Indianapolis, Ind., for plaintiff-appellant.

Jerry A. Garau, Price & DeLaney P.C., Indianapolis, Ind., for defendants-appellees.

Before CUMMINGS, FLAUM and EASTERBROOK, Circuit Judges.

FLAUM, Circuit Judge.

An explosion damaged appellees' property. Appellant insurance company filed a declaratory judgment action to determine the extent of its coverage under an excess insurance policy. The district court ruled that the policy language was ambiguous, and therefore held that the insurance covered property damage in excess of $25,000. We disagree and therefore reverse.

I.

United States Fire Insurance Company, Inc. ("USFIC") issued a...

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