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NORTH AMERICAN SPECIALTY v. DEBIS FINANCIAL SERVS.

No. 06-30955.

513 F.3d 466 (2007)

NORTH AMERICAN SPECIALTY INSURANCE COMPANY, formerly known as Underwriters Insurance Company, Plaintiff-Appellant, v. DEBIS FINANCIAL SERVICES, INC., Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

October 25, 2007.

Attorney(s) appearing for the Case

Frank A. Piccolo, Joseph Edward Lee, III (argued), Preis & Roy, New Orleans, LA, for Plaintiff-Appellant.

Kenneth M. Klemm (argued), Lauren Bianca McKnight, Baker, Donelson, Bearman, Caldwell & Berkowitz, New Orleans, LA, For Defendants-Appellees.

Before DAVIS, WIENER, and PRADO, Circuit Judges.

WIENER, Circuit Judge:

North American Specialty Insurance Company, formerly known as Underwriters Insurance Company ("Underwriters"), appeals the district court's dismissal of its action to recover monies paid to Debis Financial Services Inc. ("Debis") as an additional payee under a Hull Insurance Policy issued by Underwriters to Offshore Marine Contractors Inc. ("Offshore Marine"). We affirm.

I. FACTS & PROCEEDINGS

In 1994, Offshore Marine purchased...

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