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KRICAR, INC. v. GEN. ACC., FIRE & LIFE ASSUR. CORP.

No. 75-1864.

542 F.2d 1135 (1976)

KRICAR, INC., an Oregon Corporation, Plaintiff-Appellant, v. GENERAL ACCIDENT, FIRE AND LIFE ASSURANCE CORPORATION, LTD., a corporation, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

October 12, 1976.

Attorney(s) appearing for the Case

Ernest W. Lundeen (argued), Eugene, Ore., for plaintiff-appellant.

John Gordon Gearin (argued), of Gearin, Landis & Aebi, Portland, Ore., for defendant-appellee.

Before MERRILL, TRASK and CHOY, Circuit Judges.

PER CURIAM.

Kricar, Inc. (Kricar) owns a tavern and is insured by General Accident, Fire and Life Assurance Corporation, Ltd. (General) for $100,000. An accident occurred at Kricar's tavern and General assumed Kricar's defense in Oregon state court. General refused an offer by the injured party to settle within the policy limits, after which the injured party obtained a judgment against Kricar of approximately $300,000, considerably in excess of the policy limits...

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