Central Union Bank of South Carolina v. New York Underwriters' Ins.

PARKER, Circuit Judge.

This was an action on a fire insurance policy instituted by the Central Union Bank of South Carolina, hereafter referred to as plaintiff, against the New York Underwriters’ Insurance Company, hereafter referred to as defendant. Verdict was directed for defendant,, and, from judgment thereon, plaintiff has appealed.

The property insured belonged to one Anderson. He executed to the Palmetto Trust Company a bond with a mortgage on the property to secure same, which required that the mortgagor keep in force insurance on the property for the protection of the mortgagee. The…