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ALASKA RURAL ELEC. CO-OP. v. INSCO LTD.

No. S-3068.

785 P.2d 1193 (1990)

ALASKA RURAL ELECTRIC COOPERATIVE ASSOCIATION, INC., Appellant, v. INSCO LIMITED, Appellee.

Supreme Court of Alaska.

January 26, 1990.

Attorney(s) appearing for the Case

David G. Berry, Kemppel, Huffman & Ginder, P.C., Anchorage, for appellant.

Sanford Kingsley, LeBoeuf, Lamb, Leiby & MacRae, and Mark A. Sandberg, Camarot, Sandberg & Smith, Anchorage, for appellee.

Before MATTHEWS, C.J., and RABINOWITZ, COMPTON and MOORE, JJ.

OPINION

MOORE, Justice.

This appeal presents the issue whether an excess insurance carrier is obligated to "drop down" and provide primary coverage when the primary carrier becomes insolvent. This is an issue of first impression in Alaska.1 Because we do not believe that insolvency of the primary carrier is one of the risks considered in determining an excess carrier's premium, we hold...

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