Cramer Mfg. Corp. v. Royal Exchange Assur., Ltd.

REEVES, Chief Judge.

This is an action on a policy of fire insurance. The insurance covered merchandise owned by the plaintiff. After the issuance of the policy there was an “assignment of interest by insured” with the consent of the company. Such assignment was attached to the policy and read as follows:

“The interest of Cramer Manufacturing Corporation as owner of property covered by this policy is hereby assigned to R. P. M. M'fg. Co. subject to the consent of Royal Exchange Assurance * * *

Name of Insurance Company,”

The assignment was made on January 7, 1948, and at the same time the…