Ranger Insurance v. Culberson

ORDER

ALBERT J. HENDERSON, Jr., District Judge.

This is a subrogation suit by plaintiff insurance company against defendant administratrix Culberson for $10,097.12, damages to the mortgaged Cessna aircraft, paid by plaintiff to the Michigan National Bank, lienholder, under a breach of warranty endorsement to an aircraft insurance policy. The policy provided that the interest of the lien-holder in the insured aircraft would not be invalidated by act of the insured but that, if the aircraft were damaged because of the negligence of the insured, the insurance company, on payment, would be…