DISCLAIMER:  The following unofficial case summaries are prepared by the clerk's office
                        as a courtesy to the reader. They are not part of the opinion of the court.

076027P.pdf   03/12/2008  Granite Reinsurance Company  v.  Acceptance Insurance Company
   U.S. Court of Appeals Case No:  07-6027
                          and No:  07-6029
   U.S. Bankruptcy Court for the District of Nebraska   
   [PUBLISHED] [Kressel, Chief Judge, with Schermer and Venters,
   Bankruptcy Judges]
   Bankruptcy Appellate Panel. Reinsurance contract was supported by
   consideration, and the bankruptcy court did not err in determining that the
   contract was enforceable against debtor and that Granite was entitled to
   retain a $6 million premium payment; contract unambiguously stated that
   the premium was $15 million payable over five years, with no exceptions
   for early termination or loss of business, and the bankruptcy court erred in
   determining that the insurer could not recover the premium for the final
   three years of the contract.