ARKANSAS-OKLAHOMA GAS CORP. v. LUKIS, ET AL.

No. 90-344.

816 S.W.2d 571 (1991)

306 Ark. 425

ARKANSAS-OKLAHOMA GAS CORP., Appellant, v. LUKIS STEWART PRICE FORBES & CO. LTD., Ebasco Risk Management Consultants Inc., et al., Appellees.

Supreme Court of Arkansas.

September 23, 1991.


Attorney(s) appearing for the Case

Timothy O. Dudley, Little Rock, for appellant.

Joel D. Johnson, Fort Smith, Harry Hurst, Jr., Little Rock, P.H. Hardin, Gregory G. Smith, Fort Smith and Charles L. Schlumberger, Little Rock, for appellees.


DUDLEY, Justice.

A group of insurance companies, the appellees, provided surplus lines of liability insurance to appellant Arkansas Oklahoma Gas Corporation. A gas explosion resulted in judgments of $8,000,000 against AOG and it, in turn, looked to the insurers for coverage. By that time, five (5) of the surplus lines insurers had become insolvent. The solvent ones paid their proportionate, or several, shares of the loss, but refused to pay the insolvent insurers...

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