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GRAND HOTEL GIFT SHOP v. GRANITE ST. INS. CO.

No. 21370

839 P.2d 599 (1992)

The GRAND HOTEL GIFT SHOP, a Nevada General Partnership, Liberty Josephs, Irma Golob, Ruth Fond, and Liberty Josephs as Trustee of the Jennifer Lynn Josephs Trust, the Diane Zoe Josephs Trust, and the Adele Felice Josephs Trust, individually, dba the Grand Hotel Gift Shop, Appellants/Cross-Respondents, v. GRANITE STATE INSURANCE COMPANY, Respondent/Cross-Appellant.

Supreme Court of Nevada.

September 15, 1992

Attorney(s) appearing for the Case

Brent A. Larsen, Las Vegas, and Anderson & Holland, Salt Lake City, Utah, for appellants/cross-respondents.

Morse & Mowbray, Las Vegas, and Cummins & White and Irvin Halpern, Los Angeles, Cal., for respondent/cross-appellant.

Daniel F. Polsenberg and Allan R. Earl, Las Vegas, for amicus curiae Nevada Trial Lawyers Assn.

OPINION

PER CURIAM:

This dispute arose from a fire at the MGM Grand Hotel in Las Vegas on November 21, 1980, which destroyed the inventory of stock and interrupted the business of the Grand Hotel Gift Shop (Gift Shop) until July 31, 1981, resulting in a loss of $999,051.00. On December 19, 1983, the Gift Shop filed a complaint against the Harley E. Harmon Insurance Agency, Inc. (Harmon), which had sold the Gift Shop an insurance policy, and against...

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