F. & R. Corp. v. Norwich Union Fire Insurance Society, Ltd.

Buford, J. —

A building was insured against loss by fire under a standard fire insurance policy carrying a standard “loss payable to mortgagee” clause. The building was burned. Mortgagee took assignment from owner, as follows :

“The Interest of Haven Holding Company as owner of the property covered by this Policy is hereby assigned to F. & R. Corporation subject to the consent of the Norwich Union Fire Insurance Society, Ltd.,

“Haven Holding Company, “By L. R. Miller “(Signature of Insured)

“As its President.”

The declaration alleged, inter alia:

“The said defendant issued to Haven Holding Company…