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STATE AUTO. MUT. INS. v. CHRYSLER CREDIT

Nos. 89-CA-0360-MR, 89-CA-0534-MR and 89-CA-0591.

792 S.W.2d 626 (1990)

STATE AUTOMOBILE MUTUAL INSURANCE COMPANY, Appellant, v. CHRYSLER CREDIT CORPORATION and Day's Auto Parts, Inc., Appellees. and CHRYSLER CREDIT CORPORATION, Cross-Appellant, v. STATE AUTOMOBILE MUTUAL INSURANCE CORPORATION and Day's Auto Parts, Inc., Cross-Appellees. and DAY'S AUTO PARTS, INC., Cross-Appellant, v. STATE AUTOMOBILE MUTUAL INSURANCE COMPANY and Chrysler Credit Corporation, Cross-Appellees.

Court of Appeals of Kentucky.

July 6, 1990.

Attorney(s) appearing for the Case

Benjamin Cowgill, Landrum & Shouse, Lexington, for State Auto. Mut. Ins. Co.

Thomas W. Miller, Miller, Griffin & Marks, PSC, Lexington, for Chrysler Credit Corp.

Herman M. Dayton, Dayton & Associates, Lexington, for Day's Auto Parts, Inc.

Before HAYES, McDONALD and MILLER, JJ.

MILLER, Judge.

These appeals spring from a judgment entered by the Fayette Circuit Court upon bench trial. The issues presented are of considerable interest and initial impression. They concern the liability of a third-party tort-feasor's insurance carrier to a security lienholder on an automobile when the vehicle is destroyed and the carrier has chosen to settle with the owner and take possession of the salvage without...

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