Continental Insurance Co. v. Stewart & Stevenson Services, Inc.

WERLEIN, Justice.

This suit was brought in the name of appellee, Stewart & Stevenson Services, Inc., but for the benefit of its insurer and subrogee, The Insurance Company of North America, against Emanuel Gillette, purchaser of an engine from Stewart & Stevenson Services, Inc., and appellant, Continental Insurance Company which issued a policy of insurance covering Mr. Gillette’s fishing boat, the Margaret R. The basis of plaintiff’s claim is that Mr. Gillette at the time of purchasing the engine placed in his boat, Margaret R, agreed to insure the vessel for the benefit of Stewart &…