ELY, Circuit Judge:
This appeal presents a question of the interrelation of two insurance policies, one issued by New Amsterdam Casualty Company [New Amsterdam] and the other by Fidelity & Casualty Company of New York [Fidelity]. Both policies contain provisions that certain coverage shall be the "excess over any other valid and collectible insurance." In an action for declaratory relief, New Amsterdam contended that the applicable provisions of the two policies...
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