Jones Wholesale Co. v. General Accident Fire & Life Assurance Corp.

TURK, Chief Judge.

Plaintiff, Jones Wholesale Company, Incorporated, filed this suit against General Accident Fire & Life Assurance Corporation, Ltd., its fire insurer, seeking to recover both compensatory and punitive damages — compensatory damages for the difference between plaintiff’s net loss of inventory and fixtures resulting from the fire of January 21, 1973 and the amount the insurer paid, and punitive damages for defendant’s alleged wrongful, willful and malicious refusal to pay any portion of plaintiff’s claim within a reasonable time from the date of the loss. Jurisdiction of this…