Piedmont & Arlington Life Insurance v. Young
Supreme Court of Alabama
Appeal from the Circuit Court of Barbour. Tried before the Hon. H. D. ClaytoN. This action was brought by Edward B. Young, sr., against the Piedmont & Arlington Life Insurance Company, to recover damages for an alleged failure by said company to comply with what are claimed to be the stipulations of a policy of insurance, issued on the 11th day of January, 1869, by said company.
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Appeal from the Circuit Court of Barbour. Tried before the Hon. H. D. ClaytoN. This action was brought by Edward B. Young, sr., against the Piedmont & Arlington Life Insurance Company, to recover damages for an alleged failure by said company to comply with what are claimed to be the stipulations of a policy of insurance, issued on the 11th day of January, 1869, by said company. The policy was issued on the life of one Thomas A. Brannon for the benefit of a firm composed of the plaintiff and one Woods, the said Brannon being indebted to said firm for $10,000, which was the amount of the…
1Opinion of the CourtStone, J.
-Life insurance, like fire insurance, conducted on proper economic principles, is, no doubt, a prudential and valuable investment. Its tendency is to equalize and adjust tbe burden of domestic sustentation, so as to provide for tbe families of tbe short lived, at tbe expense of -those who live longer. The annual premiums paid by the assured, are graduated by tbe average length of human life; so that tbe families of those who are cut down before they reach tbe average age, share in tbe surplus paid in by those who are spared beyond that period. To this common fund to meet death losses, there…
2Cases cited21 opinions
- Rowley v. . the Empire Insurance Co.New York Court of Appeals · 1867
- Plumb v. . Cattaraugus Co. Mutual Insurance Company.New York Court of Appeals · 1858
- Hough v. City Fire InsuranceSupreme Court of Connecticut · 1860
- Miller v. Mutual Benefit Life InsuranceSupreme Court of Iowa · 1871
- City of Davenport v. Peoria Marine & Fire InsuranceSupreme Court of Iowa · 1864
16 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Queen Insurance v. YoungSupreme Court of Alabama · 1888
- Syndicate Insurance v. CatchingsSupreme Court of Alabama · 1893
- Cherokee Life Ins, Co. v. BrannumSupreme Court of Alabama · 1919
- Commercial Union Assurance Co. v. State ex rel. SmithIndiana Supreme Court · 1888
- Commercial Fire Ins. v. AllenSupreme Court of Alabama · 1886
26 more not listed; retrieve them via the Exa API.