Olsen & Walke v. California Insurance

NEILL, Associate Justice.

This suit was brought by the appellants to recover on a fire insurance policy issued by the California Insurance Company to Olsen & Sons on April 7, 1891, and assigned by them with the consent of the company to'the appellants, on a stock of furniture, carpets, etc., which stock was hy the policy insured one year from its •date for one thousand dollars.

The grounds upon which the appellants sought to hold the Firemen’s Fund.Insurance Company liable were that the other insurance company had gone out of business, and it had assumed the payment of its losses.

The California…