Federal Insurance Co. v. Insurance Co. of No. Amer.

McCALEB, Chief Justice.

This is a suit for damages to equipment leased by Brun Sensor Systems, Inc. to Pineville Kraft Corporation. Plaintiff is the Federal Insurance Company, the subrogee of Brun Sensor Systems, Inc. The defendants are Pineville Kraft Corporation (the lessee) and its insurer, the Insurance Company of North America.

An exception of one-year prescription filed by defendants was maintained by the district court. The judgment was affirmed on appeal. 252 So.2d 184. We granted certiorari, 259 La. 931, 253 So.2d 379.

The decisions of the courts below were founded on the conclusion…