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NEWPORT ASS. DEV. CO. v. TRAVELERS INDEM. CO.

No. 97-5527.

162 F.3d 789 (1998)

NEWPORT ASSOCIATES DEVELOPMENT COMPANY; Newport Marine Holding, Inc., Appellants, v. THE TRAVELERS INDEMNITY COMPANY OF ILLINOIS; Frenkel & Co., Inc. Frenkel & Co., INC., Defendant/Third-Party Plaintiff, v. INDUSTRIAL RISK SPECIALISTS, INC., Third-Party Defendant.

United States Court of Appeals, Third Circuit.

Decided December 29, 1998.

Attorney(s) appearing for the Case

Sheldon M. Finkelstein (Argued), Hannoch Weisman, Roseland, NJ, for Appellants.

Harry Robinson, III, (Argued) Gennet, Kallmann, Antin & Robinson, Parsippany, NJ, for Appellants.

Before: SCIRICA and ALITO, Circuit Judges, and GREEN, District Judge.

OPINION OF THE COURT

SCIRICA, Circuit Judge.

Newport Associates Development Company and Newport Marine Holding, Inc. ("Newport") appeal the District Court's grant of summary judgment in favor of The Travelers Indemnity Company of Illinois ("Travelers").1 The District Court held that the insurance policy issued by Travelers to Newport unambiguously did not cover a breakwater owned by...

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