By: WISCONSIN LAW JOURNAL STAFF//May 8, 2023//
7th Circuit Court of Appeals
Case Name: Thirteen Investment Company, Inc. v. Foremost Insurance Company Grand Rapids Michigan
Case No.: 22-2203
Officials: Sykes, Chief Judge, and Hamilton and Brennan, Circuit Judges.
Focus: Insurance-Contract
Thirteen Investment Company, Inc. sued Foremost Insurance Company to pay for a fire loss covered under an insurance policy. But Foremost had already delivered the settlement checks to Thirteen’s public insurance adjuster, Paramount Restoration Group, Inc., which unilaterally endorsed the checks and kept the proceeds. Under Illinois law, this satisfied Foremost’s policy obligations. So, the Seventh Circuit affirms the district court’s grant of summary judgment for Foremost.
Affirmed.
Decided 05/02/23