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RUMMEL v. LEXINGTON INS. CO.

No. 22910.

945 P.2d 970 (1997)

123 N.M. 752

1997-NMSC-041

Kenneth RUMMEL, individually and as Assignee of Circle K, Inc., a Texas corporation, and as Assignee of ISLIC, Inc., an Illinois corporation, Plaintiff-Appellant, v. LEXINGTON INSURANCE COMPANY, a foreign corporation, Defendant-Appellee.

Supreme Court of New Mexico.

Certiorari Denied September 15, 1997.

Attorney(s) appearing for the Case

Randi McGinn & Associates, P.A., Randi McGinn, Albuquerque, for Appellant.

Rodey, Dickason, Sloan, Akin & Robb, Mark C. Meiering, Albuquerque, for Appellee.

OPINION

FRANCHINI, Chief Justice.

1. Kenneth Rummel sued Circle K Corporation for personal injuries and received a judgment for over $11 million in compensatory and punitive damages. Circle K held several insurance policies that provided personal injury coverage. Subsequently, Circle K and International Surplus Lines Insurance Company (ISLIC), one of its insurers, agreed to a settlement in which they were obliged to pay only a portion of their contractual...

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