Debardeleben Coal Corp. v. Protection Indem. Un.

DeBardeleben Coal Corporation owns and operates tugboats and other vessels in the various waterways of the United States. It brought this suit against the Protection and Indemnity Underwriting Syndicate and the insurance companies forming the said syndicate, claiming $1150.00 on allegations which may be summarized as follows:

That the said syndicate, in January 1941, and in each succeeding year, issued to the plaintiff company a policy of P. I. (Protection and Indemnity) insurance under which it agreed to indemnify the said corporation against loss resulting from liability growing out of…