In re Ambassador Insurance Company (Bestwall LLC, Appellant)

2022 VT 11, 275 A.3d 122
CourtSupreme Court of Vermont
DecidedMarch 4, 2022
Docket2021-081
StatusPublished
Cited by6 cases

This text of 2022 VT 11 (In re Ambassador Insurance Company (Bestwall LLC, Appellant)) is published on Counsel Stack Legal Research, covering Supreme Court of Vermont primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re Ambassador Insurance Company (Bestwall LLC, Appellant), 2022 VT 11, 275 A.3d 122 (Vt. 2022).

Opinion

NOTICE: This opinion is subject to motions for reargument under V.R.A.P. 40 as well as formal revision before publication in the Vermont Reports. Readers are requested to notify the Reporter of Decisions by email at: JUD.Reporter@vermont.gov or by mail at: Vermont Supreme Court, 109 State Street, Montpelier, Vermont 05609-0801, of any errors in order that corrections may be made before this opinion goes to press.

2022 VT 11

No. 2021-081

In re Ambassador Insurance Company Supreme Court (Bestwall LLC, Appellant) On Appeal from Superior Court, Washington Unit, Civil Division

November Term, 2021

Helen M. Toor, J.

Andre D. Bouffard of Downs Rachlin Martin PLLC, Burlington, for Appellant.

Jacqueline A. Hughes, Montpelier, Jay Lavroff of Lindabury, McCormick, Estabrook & Cooper, P.C., Westfield, New Jersey, and Jennifer Rood, Assistant General Counsel and Special Assistant Attorney General, Department of Financial Regulation, Montpelier, for Appellee.

PRESENT: Reiber, C.J., Eaton, Carroll and Cohen, JJ., and Dooley, J. (Ret.), Specially Assigned

¶ 1. REIBER, C.J. In this interlocutory appeal, we consider whether Vermont or

Georgia law applies to a coverage dispute between claimant Bestwall LLC and insurer

Ambassador Insurance Company. Bestwall contends that the trial court erred in concluding that

Vermont law applies following the special master’s prediction that Georgia courts would adopt the

same loss-allocation method as Vermont. But because Georgia law is unsettled on this issue, we

conclude that there is no conflict with Vermont law and accordingly, Vermont law applies. We

therefore affirm the trial court’s grant of partial summary judgment to Ambassador.

¶ 2. The following material facts are undisputed. Bestwall Gypsum Company produced

and sold products containing asbestos since its incorporation in 1956. Georgia Pacific Corporation (GP) acquired Bestwall Gypsum in 1965 and assumed Bestwall Gypsum’s liabilities. GP

continued selling products containing asbestos until 1977. In 1982, GP moved its headquarters to

Atlanta, Georgia.

¶ 3. From 1965 to 1986, GP maintained commercial general liability insurance through

various insurers. GP’s insurance program included multiple layers of primary and excess coverage

in several of those years.

¶ 4. Ambassador Insurance Company was one insurer who covered GP during part of

this period. Ambassador was incorporated in Vermont in 1965 and had an office in Berlin,

Vermont. Ambassador was also licensed in New Hampshire, Arizona, and Nevada, and had

offices in several states, including New Jersey. Ambassador was not licensed to sell insurance in

Georgia, where GP was headquartered, but acted as a surplus-lines insurer.

¶ 5. In 1983, GP negotiated and entered into the excess liability policy at issue through

Ambassador’s Georgia-based surplus-lines broker. The policy was purchased and delivered in

Georgia. Under the policy, Ambassador agreed to provide up to $10 million as a portion of GP’s

total excess liability coverage of $75 million. The policy promised to indemnify GP for the

“Ultimate Net Loss which [GP] shall become legally obligated to pay in excess” of the limits of

underlying policies “resulting from an occurrence or occurrences” covered by those policies. In

other words, GP’s losses needed to exhaust the $100 million that GP had in underlying coverage

to trigger Ambassador’s excess coverage. The policy stated that Ambassador’s coverage followed

that of the underlying policies, and at least one underlying policy limited coverage to bodily injury

“which occurs during the policy period.” Although the policy was written to be effective from

April 1, 1983, to April 1, 1984, GP cancelled the policy on May 15, 1983, after it decided to replace

its entire insurance program. Ultimately, the policy was in effect for forty-four days, for which

Ambassador collected a net premium of $605.

2 ¶ 6. In November 1983, Ambassador was placed into receivership due to its “hazardous

financial condition.” In re Ambassador Ins. Co., 2015 VT 4, ¶ 2, 198 Vt. 341, 114 A.3d 492

(quotation omitted). In 1987, the Vermont superior court ordered Ambassador into liquidation and

appointed as liquidator the Commissioner of the Vermont Department of Banking and Insurance

(now the Vermont Department of Financial Regulation). See id. ¶¶ 2 n.1, 5 & n.3. The court order

authorized the liquidator to determine claims filed by Ambassador’s insureds in the liquidation

proceeding, and provided that if the liquidator denied a claim, the claimant could seek review in

Vermont superior court. The order further provided that the court could appoint a master to hear

the disputed claim under Vermont Rule of Civil Procedure 53.

¶ 7. Since the early 1980s, GP has faced many lawsuits across the country alleging

personal injury and death resulting from exposure to GP’s asbestos-containing products. GP has

incurred approximately $2.9 billion in losses. GP’s insurers have covered approximately $850

million of GP’s losses. In 2017, GP was restructured, and Bestwall LLC acquired its asbestos

liabilities.1

¶ 8. Bestwall filed a claim with the liquidator for coverage under the Ambassador

policy, and the liquidator denied the claim. Bestwall appealed that denial to the Vermont superior

court. In accordance with the liquidation order, the court appointed a special master to hear the

claim. The special master divided the proceedings into two tracks: the first to determine threshold

legal questions, including choice of law and the method of loss allocation, and the second to

allocate loss under the applicable law.

¶ 9. Bestwall and Ambassador filed cross-motions for partial summary judgment on the

track one issues. In relevant part, Bestwall argued that New Jersey law should apply as New Jersey

was the state where Ambassador’s main office was located at the time it issued the policy.

Alternatively, Bestwall argued that Georgia law could apply as the state of Bestwall’s

1 Hereinafter, this opinion refers to the company as “Bestwall” for consistency. 3 incorporation and where its headquarters were located when the policy was issued. Ambassador

argued that Vermont law applied.

¶ 10. The special master issued a report granting partial summary judgment to

Ambassador. The special master rejected Bestwall’s argument that New Jersey law should apply

and reasoned that either Vermont or Georgia law could apply to the claim. He then considered

whether Georgia law conflicted with Vermont law regarding allocation of loss. He explained that

while Vermont law clearly applies pro-rata (or time-on-the-risk) allocation, no appellate court in

Georgia had considered this issue. After considering a Georgia state trial court decision and federal

district court decision adopting the pro-rata method under Georgia law, the special master

predicted that Georgia courts would adopt the pro-rata method. Because Georgia law did not

conflict with Vermont law, he concluded that Vermont law applied. He further noted that even if

the laws conflicted, Vermont law would still apply under a choice-of-law analysis, given

Vermont’s interest in Ambassador’s liquidation and the clarity in Vermont’s allocation law.

Applying Vermont law, the special master determined that Bestwall’s losses would be allocated

under the pro-rata method.

¶ 11. Bestwall filed an objection to the special master’s report with the superior court.

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2022 VT 11, 275 A.3d 122, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-ambassador-insurance-company-bestwall-llc-appellant-vt-2022.