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IN RE RAPID-AMERICAN CORPORATION

Case No. 13-10687 (SMB), Adv. Proc. No. 15-01095 (SMB).

In re: RAPID-AMERICAN CORPORATION, Chapter 11, Debtor. RAPID-AMERICAN CORPORATION, THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS, AND LAWRENCE FITZPATRICK, THE FUTURE CLAIMANTS' REPRESENTATIVE, Plaintiffs, v. TRAVELERS CASUALTY AND SURETY COMPANY, ST. PAUL FIRE AND MARINE INSURANCE COMPANY, AND NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA, Defendants.

United States Bankruptcy Court, S.D. New York.

May 15, 2017.

Attorney(s) appearing for the Case

Rapid-American Corporation, Debtor, represented by Chrystal Puleo Mauro , Reed Smith LLP & Paul M. Singer , Reed Smith LLP.

United States Trustee, U.S. Trustee, represented by Paul Kenan Schwartzberg , Office of the United States Trustee.

The Official Committee of Unsecured Creditors, Creditor Committee, represented by Elihu Inselbuch , Caplin & Drysdale, Chartered.

MEMORANDUM DECISION DENYING CROSS-MOTIONS FOR PARTIAL SUMMARY JUDGMENT ON THE ISSUE OF LIMITS

National Union Fire Insurance Company of Pittsburgh, Pa. ("National Union") sold Rapid-American Corporation ("Rapid") a fourteen month excess insurance policy with an "aggregate" limit of liability of $7...

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