Ryan v. Atlantic Mutual Ins.

The complaint is on a policy of insurance for $100,000 upon a cargo valued at $400,000, on a voyage from New York to San Francisco, and it alleges that the insurance was free of particular average, unless occasioned by stranding and amounting to twenty-five per cent; that before the completion of the voyage the ship became stranded; that by such stranding the cargo became greatly damaged; that the *322ship was necessarily broken up in recovering the cargo; that the loss greatly exceeded twenty-five per cent of the value of the cargo ¿ that, in part, the defendants and other underwriters have…