Ketchum v. Belding

Eirzsyvrons, Ch. J.

This action is on a Lloyd’s fire insurance policy, the defendant and about fourteen other persons being underwriters. The policy provided that no action should be begun under it against the individual underwriters or any of them “ until after suit shall have been brought against the attorneys for the underwriters and for the full amount of the loss or claim,” and each of the underwriters agreed to abide the final determination of any such action, so fixing his individual responsibility under this policy. It is admitted that no such action was brought against said attorneys…