Hope Oil Mill, Compress & Manufacturing Co. v. Phœnix Assurance Co.
Mississippi Supreme Court
From the circuit court of Monroe county. The appellee issued to the appellant a policy of insurance against loss by fire ‘ on cotton in bales held for compression or compressed, but not loaded upon cars, and for which a compress shipper’s receipt has been issued, for Mobile & Ohio, Illinois Central, or Kansas City, Memphis & Birmingham railroad companies, while contained on the open platform and under sheds of the Hope Oil Mill, Compress & Manufacturing Company, Aberdeen,…
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From the circuit court of Monroe county. The appellee issued to the appellant a policy of insurance against loss by fire ‘ on cotton in bales held for compression or compressed, but not loaded upon cars, and for which a compress shipper’s receipt has been issued, for Mobile & Ohio, Illinois Central, or Kansas City, Memphis & Birmingham railroad companies, while contained on the open platform and under sheds of the Hope Oil Mill, Compress & Manufacturing Company, Aberdeen, Miss., loss, if any, payable to said railroad companies as their several interests may appear at the time of the fire.”…
1Opinion of the CourtWhiteield, J.
It is said in May on Insurance, sec. 80 (2d ed.): “ Whoever may be fairly said to have a reasonable expectation of deriving pecuniary advantage from the preservation of the subject-mat-matter of insurance, whether that advantage inures to him personally or as the representative of the rights or interests of another, has an insurable interest. . . . And pledgees,
innkeepers, factors, common carriers, wharfingers, pawnbrokers, warehousemen, and generally persons charged either specially by law, custom, or contract with the duty of caring for and protecting .property in behalf of others as having…
2Cases cited4 opinions
- California Insurance v. Union Compress Co.Supreme Court of the United States · 1890
- Waring v. . the Indemnity Fire Ins. Co.New York Court of Appeals · 1871
- Eastern Railroad v. Relief Firf InsuranceMassachusetts Supreme Judicial Court · 1868
- Fire Insurance Ass'n of England v. Merchants & Miners' Transportation Co.Court of Appeals of Maryland · 1887
3Cited by3 opinions
- Home Insurance Co. of New York v. Peoria & Pekin Union Railway Co.Illinois Supreme Court · 1899
- Mississippi Fire Ins. Co. v. Planters' BankMississippi Supreme Court · 1925
- HARTFORD FI CO. v. Producer's Gin of Hernando, Inc.Mississippi Supreme Court · 1976