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HOME INS. CO. v. MISSISSIPPI INS. GUAR. ASS'N

No. 2001-CA-01074-SCT.

904 So.2d 95 (2004)

HOME INSURANCE COMPANY v. MISSISSIPPI INSURANCE GUARANTY ASSOCIATION.

Supreme Court of Mississippi.

January 15, 2004.

Attorney(s) appearing for the Case

Robert M. Frey, Jackson, attorney for appellant.

Michael Wayne Baxter, Ridgeland, Walker Reece Gibson, Jackson, attorneys for appellee.

EN BANC.

WALLER, Presiding Justice, for the Court.

¶ 1. Three oil rig workers filed suit against G.B. "Boots" Smith Corp., alleging personal injuries as a result of an accident which occurred in 1983. At that time, Home Insurance Company was Smith's primary liability insurer, providing up to $500,000 in coverage. Mission National Insurance Company was Smith's reinsurer or excess liability carrier, providing up to $5,000,000 in coverage. The plaintiffs offered to settle...

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