OPINION
RABINOWITZ, Justice.
In January, 1973, Grady L. Hamrick drowned near Seldovia, Alaska while trying to rescue the first mate of the vessel Shishaldin, a boat owned by Shishaldin Fisheries, Inc. (Shishaldin). Grady's widow, Judith Hamrick, brought a wrongful death action against Shishaldin Fisheries, Inc., which carried both primary and excess insurance coverage. Interstate Insurance Company (Interstate), the primary insurer, had issued a $100,000...
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