EOTT ENERGY CORP. v. STOREBRAND INTERNAT. INS.

Docket No. B089217.

45 Cal.App.4th 565 (1996)

EOTT ENERGY CORP., Plaintiff, Cross-defendant and Appellant, v. STOREBRAND INTERNATIONAL INSURANCE CO. A/S et al., Defendants, Cross-complainants and Respondents.

Court of Appeals of California, Second District, Division Three.

May 16, 1996.


Attorney(s) appearing for the Case

COUNSEL

Morgan, Lewis & Bockius and Jeffrey N. Brown for Plaintiff, Cross-defendant and Appellant.

Robins, Kaplan, Miller & Ciresi and Scott G. Johnson for Defendants, Cross-complainants and Respondents.


OPINION

CROSKEY, J.

This case presents the question of whether an insured, having suffered a $1.5 million loss as the result of over 650 thefts of the petroleum products which it markets, will be entitled to recover for such loss under its "all risk" property insurance policy when the value of the property taken in any single theft did not exceed the $100,000 deductible provided for in the policy. The issue which we are required to...

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