C.A. 2nd
B222310

The Second Appellate District reversed a judgment and remanded the action for further proceedings. The court held that under the language of an excess liability insurer’s policy, its indemnity obligation did not arise until the insured exhausted all collectible primary policies. The court held further that the language of the insured’s underlying annual primary policies precluded “stacking” of the policies so as to allow it to recover under more than one policy for the same claim.