201339P.pdf   06/01/2021  Hallmark Specialty Ins. Co.  v.  Phoenix C & D Recycling, Inc.
   U.S. Court of Appeals Case No:  20-1339
   U.S. District Court for the Southern District of Iowa - Des Moines   
   [PUBLISHED] [Shepherd, Author, with Colloton and Wollman, Circuit Judges] 
   Civil Case - Diversity. In action for declaratory judgment that insurer 
   did not breach insurance policy or act in bad faith, the grant of summary 
   judgment to insurer is affirmed. Insured argues that although insurer paid 
   all sums owed under the policy for business interruption, insurer acted in 
   bad faith. Insurer had objectively reasonable basis to initially deny 
   demand and to limit its payment for business interruption and wiring and 
   equipment. Because summary judgment appropriate in bad fath claim, it is 
   also appropriate on declaratory judgment claim. Further, punitive damages 
   claim is moot.