Brakebush Brothers, Inc. v. Certain Underwriters at Lloyd's of London - Novae 2007 Syndicate Subscribing to Pol'y No. 93prx17f157

2021 NCBC 70
North Carolina Business Court·Decided November 1, 2021·No. 20-CVS-367·Published

Opinion

Brakebush Brothers., Inc. v. Certain Underwriters at Lloyd’s of London - Novae 2007 Syndicate Subscribing to Pol’y No. 93PRX17F157, 2021 NCBC 70.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION

DAVIE COUNTY 20 CVS 367

BRAKEBUSH BROTHERS, INC., Plaintiff,

v.

CERTAIN UNDERWRITERS AT LLOYD'S OF LONDON - NOVAE 2007 SYNDICATE SUBSCRIBING TO POLICY WITH NUMBER 93PRX17F157; HALLMARK SPECIALTY INSURANCE CO.; EVANSTON INSURANCE CO.; MAXUM INDEMNITY CO.; ORDER AND OPINION ON HUDSON SPECIALTY INSURANCE DEFENDANTS’ JOINT MOTION TO CO.; LIBERTY SURPLUS DISMISS OR STRIKE AND INSURANCE CORPORATION; PLAINTIFF’S MOTION TO STRIKE IRONSHORE SPECIALTY INSURANCE CO.; and CERTAIN UNDERWRITERS AT LLOYD'S OF LONDON -BRIT SYNDICATE 2987 SUBSCRIBING TO POLICY WITH NUMBER PD-10972-00,

Defendants.

THIS MATTER comes before the Court on Defendants’ Joint Motion to Dismiss or Strike pursuant to Rules 12(b)(1), 12(b)(6), and 12(f) of the North Carolina Rules of Civil Procedure (ECF No. 42) and Plaintiff’s Motion to Strike Portions of Defendants’ Reply Brief or, in the Alternative, Motion for Leave to File Sur-Reply pursuant to Rule 12(f) (ECF No. 60).

THE COURT, having considered the motions, the briefs of the parties, the arguments of counsel, the transcript of a hearing held in this matter on the pending motions, and all applicable matters of record, CONCLUDES, for the reasons set forth below, that the Defendants’ Motion should be GRANTED in part and DENIED in part, and that Plaintiff’s Motion should be DENIED.

Kilpatrick Townsend & Stockton LLP, by Susan Boyles, and Dorsey & Whitney LLP, by Eric Weisenburger and Vernle C. Durocher, for Plaintiff Brakebush Brothers Inc.

Nelson Mullins Riley & Scarborough LLP, by G. Gray Wilson and Stuart Russell, and Tressler, LLP, by Timothy Jabbour, Anthony Tessitore, and Kiera Fitzpatrick, for Defendants Certain Underwriters at Lloyd’s of London – Brit Syndicate 2987, Evanston Insurance Company, Maxum Indemnity Company, Hudson Specialty Insurance Company, Liberty Surplus Insurance Corporation, and Ironshore Specialty Insurance Company.

Butler Weihmuller Katz Craig LLP, by Clark Schirle, N. Khrystyne Smith, and L. Andrew Watson, for Defendant Certain Underwriters at Lloyd’s of London Novae 2007 Syndicate.

Akerman, LLP, by Bryan G. Scott, for Defendant Hallmark Specialty Insurance Company.

Davis, Judge.

INTRODUCTION

1. A fire at a chicken processing plant has caused a dispute over insurance proceeds that has left millions of dollars hanging in the balance. After the fire, the purchaser of the plant received an assignment from the original owner of its right to collect insurance proceeds under various insurance policies taken out by the original owner. Consent to the assignment was obtained from the insurer that had issued an insurance policy providing primary coverage for the plant. No consent was obtained, however, from any of the insurers that had issued excess insurance policies covering the plant. The question of whether the purchaser is entitled to sue these excess insurers in an effort to make them “pay up” despite the lack of prior consent to the assignment is the primary issue before the Court. In analyzing this question, the Court must wade through a complex web of insurance policy provisions and legal issues.

FACTUAL AND PROCEDURAL BACKGROUND 2. The Court does not make findings of fact on a motion to dismiss under Rule 12(b)(6) of the North Carolina Rules of Civil Procedure and instead recites those facts contained in the complaint (and in documents attached, referred to, or incorporated by reference in the complaint) that are relevant to the Court’s determination of the motion. See, e.g., Concrete Serv. Corp. v. Inv’rs Grp., Inc., 79 N.C. App. 678, 681 (1986); Window World of Baton Rouge, LLC v. Window World, Inc., 2017 NCBC LEXIS 60, at *11 (N.C. Super. Ct. July 12, 2017).

3. On December 14, 2017, a fire caused substantial damage to a chicken processing facility located in Mocksville, North Carolina. (Complaint, ECF No. 3, at ¶ 2.) At the time of the fire, the facility was owned by House of Raeford Farms, Inc. (“Raeford”), but Plaintiff Brakebush Brothers, Inc. (“Brakebush”) “was in the process of purchasing the [facility] from Raeford when the fire occurred.” (Id.)

4. As of the date of the fire, Raeford had obtained two layers of commercial property insurance coverage for the facility: (1) a primary insurance policy issued by “Certain Underwriters at Lloyd’s of London and various syndicates subscribing to that policy” with a limit of $20,000,000 (“the Primary Policy”); and (2) eight excess insurance policies that provided, in total, limits of $30,000,000 in “excess of the $20 million primary policy limits.” (Id. at ¶¶ 30–31.) 1 5. The insurers who issued the Excess Policies are the named Defendants in this action: Certain Underwriters at Lloyd’s of London – Novae 2007 Syndicate Subscribing to Policy With Number 93PRX17F157 (“Novae”), Hallmark Specialty Insurance Co. (“Hallmark”), Evanston Insurance Co. (“Evanston”), Maxum Indemnity Co. (“Maxum”), Hudson Specialty Insurance Co. (“Hudson”), Liberty Surplus Insurance Corporation (“Liberty”), Ironshore Specialty Insurance Co. (“Ironshore”), and Certain Underwriters at Lloyd’s of London – Brit Syndicate 2987 Subscribing to Policy With Number PD-10972-00 (“Brit”). (Id. at ¶ 31.) 2 6. Brakebush and Raeford executed an Asset Purchase Agreement (“A.P.A”) on July 3, 2018. (Id. at ¶ 28.) As a part of the transaction, Brakebush “secur[ed] the assignment of Raeford’s right to all insurance benefits, including all rights and proceeds under its property insurance policies relating to the loss” resulting from the fire. (Id. at ¶ 2.) Approximately five days before the A.P.A. was executed, the insurers who had issued the Primary Policy gave written consent to this assignment. (Id. at ¶ 29.) 3

1 Throughout this opinion, these eight policies are at times referred to collectively as the “Excess Policies.” 2 Defendants are referred to collectively throughout this opinion as the “Excess Insurers.”

3 As discussed later in this opinion, however, it appears that the Primary Policy did not, in

fact, actually require the consent of the insurers to the assignment of the proceeds under that policy. (Primary Policy, ECF No. 84.1.)

7. Neither Brakebush nor Raeford, however, obtained consent from any of the Excess Insurers prior to the assignment to Brakebush of Raeford’s right to collect insurance proceeds under these policies. (Id.)

8. On February 3, 2020, Brakebush submitted a report to Crawford and Company, a claims management company hired by one or more of the insurers, claiming that the overall fire damage loss to the insured property totaled $41,274,429. (Id. at ¶ 32, 34.) As Raeford had already received $ 4,241,277.18 under the Primary Policy prior to the sale, Brakebush asserted that it was entitled to the remaining $15,758,722.82 of the policy limits under the Primary Policy “for amounts it incurred after the sale was completed.” (Id. at ¶ 35.) On or about April 29, 2020, Brakebush received a final payment exhausting the $20 million in coverage under the Primary Policy. (Id. at ¶ 35.) Brakebush then contacted counsel for the Excess Insurers and demanded payment of insurance proceeds in the amount of $25,515,706.31, a figure that consisted of the total alleged loss minus the $15,758,722.82 that had already been paid to Brakebush under the Primary Policy. (Id. at ¶ 34–36.)

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Brakebush Brothers, Inc. v. Certain Underwriters at Lloyd's of London - Novae 2007 Syndicate Subscribing to Pol'y No. 93prx17f157, 2021 NCBC 70 (N.C. Super. Ct. 2021).

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