Klefstad v. American Cent. Ins. Co.

MAJOR, Chief Judge.

Plaintiff, doing business as Klefstad Engineering Company, is engaged in the design and construction of industrial buildings. On or about February 9, 1949, he entered into a contract to construct a one-story brick factory building for Major Foundry Corporation (referred to as the Major company) in Franklin Park, Illinois, construction of which was commenced in August of that year. On September 28, 1949, each of the three defendant insurance companies issued to the Major company a policy of Builders’ Risk insurance, which insured it against loss resulting from fire, tornado…