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GRIMME COMBUSTION v. MERGENTIME CORP.

867 A.2d 602 (2005)

GRIMME COMBUSTION, INC. v. MERGENTIME CORPORATION and Insurance Company of North America. Appeal of: Insurance Company of North America and Travelers Casualty & Surety Co., Appellants.

Superior Court of Pennsylvania.

Filed January 24, 2005.

Attorney(s) appearing for the Case

Jeffrey A. Less, Philadelphia, for appellants.

Andrew W. Barbin, Mechanicsburg, for appellee.

BEFORE: FORD ELLIOTT, MONTEMURO, and JOHNSON, JJ.

OPINION BY FORD ELLIOTT, J.:

¶ 1 This is an appeal brought by Insurance Company of North America, Inc. ("INA"), and Travelers Casualty & Surety Company ("Travelers") as successor in interest to United Pacific Insurance Company ("United Pacific"). The issue this appeal presents is whether the trial court erred when it found that a supersedeas bond Mergentime Corporation ("contractor") and INA procured in 1995 from United Pacific remained in force in December...

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