Insurance Co. of North America v. United States

PARKER, Circuit Judge.

This is an appeal in an action instituted by the United States, as the real party in interest, against the Insurance Company of North America, to recover on a policy of fire insurance issued by -that company to the Carolina Warehouse Company, .hereafter called Carolina. The policy covered 518 bales of cotton owned by the Commodity Credit Corporation, hereafter called Commodity, an agency of the United States which owned all of its stock. The cotton was stored with Carolina, and was destroyed by fire on August 19, 1942. The case was heard without a jury; and, from…