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UNDERWRITERS, ETC. v. UNITED BANK ALASKA

No. 5402.

636 P.2d 615 (1981)

UNDERWRITERS AT LLOYD'S, LONDON, Trident Insurance Company, Limited; the Phoenix Greek General Insurance Company S.A.; Sphere Insurance Company Limited; Assicurazioni General SPA; Polaris Norske SJO Insurance Company Limited; Fenton Insurance Company Limited per Marlow Underwriting Agency, Appellants, v. UNITED BANK ALASKA, an Alaskan Banking Corporation, Appellee.

Supreme Court of Alaska.

November 27, 1981.

Attorney(s) appearing for the Case

Lloyd B. Ericsson, Robert J. Ericsson, Martin, Bischoff, Templeton, Biggs & Ericsson, Portland, Or., Rand Dawson, Anchorage, for appellants.

Kenneth R. Lamb, Kenneth R. Lamb & Associates and Walter H. Garretson, Garretson & Jarvi, Anchorage, for appellee.

Before RABINOWITZ, C.J., and CONNOR, BURKE, MATTHEWS and COMPTON, JJ.

OPINION

MATTHEWS, Justice.

On August 13, 1978, an airplane piloted by Ted Koerber and owned by Richard Burnette was totally destroyed in a crash. The aircraft had been purchased by Burnette in 1977 from Lynwood Marshall.1 Apparently, the aircraft was regularly kept at the same airfield where Marshall's business was located. Effective March 8, 1978, the appellant insurance companies [Underwriters] issued a policy of hull insurance...

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