Pacific Mail Steamship Co. v. Great Western Insurance

By the Court, Fancher, J.

In May, 1866, Ruger Brothers were owners and agents of the ship Plise Buyer, and chartered her to the plaintiff to carry 900 tons of coal from Hew York to Japan. They agreed to furnish the plaintiff with a policy of insurance covering the freight money and the value of the coal, and with intent to perform them obligation, they obtained the policy from the defendant on which this action is brought. The premium was $401.25 on $8,000 as the value of the coal. By the policy, the defendant insured “Ruger Brothers, o.n account of whom it may concern. In case of loss to be…