Universal Ins. v. Steinbach

ORR, Circuit Judge.

Appellees are seeking to enforce payment of an alleged liability on a marine insurance policy issued by appellant to insure a dredge known as the “Wishram”, which was destroyed while being towed from Nehalem Bay to Tillamook Bay, in the State of Oregon. Appellant denies liability because, as. it contends: (1) Appellees were not legal title holders of the dredge and had no insurable interest therein; (2) that there was a breach by appellees of an implied warranty of seaworthiness; (3) that misinformation was given and also a failure to disclose material facts concerning the…