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.
103068P.pdf 11/29/2011 Penford Corporation v. Natl. Union Fire Insurance Co.
U.S. Court of Appeals Case No: 10-3068
U.S. District Court for the Northern District of Iowa - Cedar Rapids
[PUBLISHED] [Wollman, Author, with Gilman and Melloy, Circuit Judges]
Civil case - Insurance. District court did not err in granting the insurers'
motion for judgment as a matter of law on insured's claim that the
insurers had acted in bad faith by failing to investigate the claim properly
and by failing to make timely payments as the insurers had an objectively
reasonable basis for interpreting the policy's sublimits as they did and
their payment schedule complied with the policy's requirements; district
court did not err in concluding that sublimits in the flood policy capped
the insured's property damage.