Peoples Bank & Trust Co. v. Insured Lloyds of New York

KING, Judge.

There are two issues presented on appeal for consideration by this court. The first issue is whether or not the trial court was correct in rendering judgment against the defendant for the salvage value of fire-damaged cottonseed and its removal costs, where defendant had already paid the difference in the value of the cottonseed before the fire and the cottonseed’s salvage value after the fire. The second issue is whether or not the court was correct in assessing penalties and attorney’s fees against the defendant for failure to pay the damage claim pursuant to the terms of its…