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BRILES WING & HELICOPTERS v. MARSH & McLENNAN

A8306-03690; CA A34095.

709 P.2d 746 (1985)

76 Or.App. 411

BRILES WING and HELICOPTERS, Inc., a California Corporation, Appellant, v. MARSH & McLennan, Inc., a Delaware Corporation; Northwest Acceptance Corporation, a Delaware Corporation; U.S. Bancorp Industrial Finance, Inc., Dba U.S. Commercial Corporation, Aka U.S. Commercial Corp., Atrima, Respondents.

Court of Appeals of Oregon.

Decided November 20, 1985.

Attorney(s) appearing for the Case

Robert J. Ericsson, Portland, argued the cause for appellant. With him on briefs was Martin, Bischoff, Templeton, Biggs & Ericsson, Portland.

Garr M. King, and Kennedy, King & Zimmer, Portland, waived appearance for respondent Marsh & McLennan Inc.

Stuart M. Brown, Portland, argued the cause and filed the brief for respondent Northwest Acceptance Corp.

Gregory A. Chaimov, Portland, waived appearance for respondent U.S. Bancorp Indus. Finance, Inc.

Before RICHARDSON, P.J., and WARDEN and WARREN, JJ.

RICHARDSON, Presiding Judge.

Plaintiff leased an engine to Pacific Helicopters, Inc., for use in a twin-engine helicopter. Northwest Acceptance Corporation and U.S. Bancorp Industrial Finance, Inc. (U.S. Bancorp) held security interests in the helicopter that predated the lease of the engine, and those defendants were named as loss payees under Pacific's existing policy insuring the craft. Pacific agreed that it would obtain additional insurance payable to plaintiff...

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