Hitchcock v. . the North Western Insurance Company

It is only by force of the special clause, prohibiting an assignment of the interest of the assured in the policy, or in the property insured, without the consent of the insurers, that a forfeiture of the policy is claimed to have occurred. In the absence of such provision, an assignment of property and policy, in marine insurances (however it may be in regard to fire policies), is valid, and the policy remains in force for the benefit of the assignee, although there is no notice of the assignment given to the insurers. (Wakefield v. Martin,3 Mass., 558; Earl v. Shaw, 1 John. Cases, 313;…