Merchants' Mutual Insurance v. New Orleans Mutual Insurance

These suits were instituted by the Merchants} Mutual Insurance Company against seven other insurance companies on contracts of reinsurance entered into severally by each of these seven companies with the Merchants’ Mutual Insurance Company, the plaintiffs in this case. The history of this litigation seems to be this: Dupasseur & Co. were insured by the Merchants’ Insurance Company •on eight hundred and thirty-four bales of cotton, at the rate of $200 per bale, on board the ship Argean from New Orleans, bound to Havre, in France. The defendants reinsured the plaintiffs for the amounts…