123232P.pdf   05/23/2013  Buddy Bean Lumber Company  v.  Axis Surplus Insurance Company
   U.S. Court of Appeals Case No:  12-3232
   U.S. District Court for the Western District of Arkansas - Hot Springs   
   [PUBLISHED] [Murphy, Author, with Smith and Gruender, Circuit Judges]
   Civil case - Insurance. The proper interpretation of the coinsurance
   provision in the policy in question depends on whether the insured has
   filed an actual cash value claim or a replacement cost claim; here, where
   the insured filed a claim for the actual cash value of stolen electrical wire,
   the term "value" in the coinsurance policy should be read to mean the
   actual cash value of the insured's mills; based on this interpretation, the
   insured was not subject to a coinsurance penalty on its claim and was
   entitled to receive the value of the wire minus its deductibles and any
   interim payment it had received.