Singletary v. Aetna Casualty & Surety Co.

In this declaratory judgment action, Aetna Casualty & Surety Company (Aetna) appeals from a judgment holding that Arnold Singletary and M.V. Turner, Jr. (collectively referred to as “Singletary”) are entitled to the proceeds of a fire insurance policy. We reverse.

The facts of this case are uncontroverted. Aetna insured a home owned by Francis Alkofer. South Carolina National Bank (SCN) was the mortgagee. On March 27,1991, a fire set by Alkofer partially destroyed the premises resulting in damages totalling $16,173.33. At the time of the fire, Alkofer was indebted to SCN on the mortgage in the…