The Gulnare

This is a suit on a marine policy of insurance upon the steam-ship Guiñare. The loss of the vessel is admitted, and the binding force of the policy, with two exceptions. It is claimed that the vessel insured was not seaworthy, and that Moroney had no insurable interest.

1. Had Moroney an insurable interest? The policy is “on account of whom it may concern. Loss, if any, payable to Mm as his interest may appear.” Therefore he must have had an insurable interest to enable him to maintain this action. The vessel belonged, so far as the registered title showed, to Boyd Bros.; but the real owners…