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THORCO LEASING v. LUMBERMENS MUT.

No. 91-1045.

489 N.W.2d 31 (1992)

THORCO LEASING, INC., d/b/a Thorco Inc., an Iowa Corporation, Appellant, v. LUMBERMENS MUTUAL CASUALTY CO., Appellee.

Court of Appeals of Iowa.

June 25, 1992.

Attorney(s) appearing for the Case

Richard E.H. Phelps II, Brierly Law Office, Newton, for appellant.

Timothy W. Wegman of Peddicord, Wharton, Thune, & Spencer, Des Moines, for appellee.

Considered by SCHLEGEL, P.J., and SACKETT and HABHAB, JJ.

HABHAB, Judge.

FACTS

Thorco Leasing, Inc. is an Iowa corporation engaged in the business of over-the-road trucking. Thorco has its principal place of business in Newton, Iowa. Lumbermens Mutual Casualty Company is an insurance company authorized to do business in Iowa. Thorco purchased cargo insurance from Lumbermens Mutual. The policy in question had effective dates of April 26, 1989 through April 25, 1990.

Thorco contracted with Monfort Pork Division...

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