Great Plains Livestock Consulting, Inc. v. Midwest Insurance Exchange, Inc.Annotate this Case
The Supreme Court reversed the order of the district court dismissing the complaint brought by Great Plains Livestock Consulting, Inc. and its president (collectively, Great Plains) against Midwest Insurance Exchange, Inc. (Midwest), as well as UNICO Group, Inc. and one of its agents (collectively, UNICO), holding that Great Plains' action was ripe.
Great Plains alleged that Midwest and UNICO negligently failed to transfer or procure an errors and omissions insurance policy, which would have covered the costs of defense for two lawsuits filed in another state against Great Plains. The district court dismissed the complaint as unripe because Defendants' liability and Great Plains' damages were currently unknown and because Great Plains may never be found liable in the out-of-state litigation. The Supreme Court reversed and remanded the case for further proceedings, holding that Great Plains' action was ripe.