St. Paul Fire & Marine Insurance Company v. American Bank

33 F.3d 1159 ST. PAUL FIRE & MARINE INSURANCE COMPANY, Plaintiff-Appellant-Cross-Appellee, v. AMERICAN BANK, f/k/a Western State Bank, a Montana Banking Corporation; Northern Lines Layers, Inc., a Montana Corporation, Defendants-Appellees-Cross-Appellants. Nos. 92-35319, 92-35368. United States Court of Appeals, Ninth Circuit. Argued and Submitted Dec. 14, 1993. Decided Aug. 31, 1994. Gary M. Zadick, Ugrin, Alexander, Zadick & Slovak; Maxon R. Davis, Cure, Borer & Davis, Great Falls, MT, for plaintiff-appellant-cross-appellee. Donald W. Molloy, Molloy Law Firm; Sidney R. Thomas, Moulton, Bellingham, Longo & Mather, Billings, MT, for defendants-appellees-cross-appellants. Appeals from the United States District Court for the District of Montana. Before: GOODWIN, CANBY, and KOZINSKI, Circuit Judges. CANBY, Circuit Judge: 1 St. Paul Fire and Marine Insurance Co. (St. Paul) appeals the district court's judgment in favor of its insured, American Bank, (American) in a coverage dispute. Because there is no coverage under the terms of the policy, and because the district court clearly erred in finding that St. Paul is estopped from denying coverage, we reverse. THE…