Flanders Co. v. Canners' Exchange Subscribers at Warner Inter-Insurance Bureau

Plaintiff was the owner of a large canning factory at the village of Deckerville, Sanilac county, Michigan, which was totally destroyed by fire on the 5th day of February, 1924. The factory was. insured in the sum of $105,000, of which the defend ants carried $60,000, as evidenced by five policies. On these policies plaintiff sued. The defendants pleaded in bar that a compromise settlement of $50,000 had been agreed upon between them .as the creation of a new contract to settle the dispute over the loss, and offered to pay that amount into court or to the plaintiff, and to confess judgment…