Aetna Casualty & Surety Co. v. Ardizone

JONES, Justice.

Plaintiffs are members of an investment group that purchased a warehouse outfitted with refrigeration equipment. Initially, the warehouse was leased back to the original owner, who was charged with providing the insurance on the building. After the lease expired, however, Plaintiffs were faced with procuring insurance on the property.

One of the investors, John Theiss, who operated a separate business, Gulf Coast Paint & Supply Company (Gulf Coast), contacted the insurance agent who had provided coverage for his separate business and requested the agent’s help in acquiring…