Jay-Bee Realty Corp. v. Agricultural Insurance

Defendants, 22 insurance companies, and Underwriters at Lloyd’s, England, hereinafter called Lloyd’s, appeal from a decree fixing and directing payment of their several liabilities totaling, with interest, $226,254.32, under 45 Michigan standard fire insurance policies covering a frame hotel building known as Golfmore Hotel, and the personal property therein; canceling a first mortgage on the hotel premises and contents and the note for $100,000 secured thereby, acquired by defendants after liability under the policies had accrued because of a fire in the hotel on November 20, 1939‘, and…