Buy Direct Jewelers, Inc. v. Aronovitz

This action began as a suit by the appellant, Buy Direct Jewelers, Inc. (Buy Direct), a jewelry retailer, to recover a loss on a jeweler’s block insurance policy allegedly issued by Lloyds of London (Lloyds). Initially, Buy Direct sought insurance for one of its jewelry stores through its insurance agent, R.A. Brandon (Brandon). Brandon in turn sought the policy through Paramount Insurance Agency (Paramount), who then sought the policy from a Lloyds underwriter. Before it would issue the policy, Lloyds surveyed the jewelry store and set out a list of ten security conditions which Buy Direct…