Blackstone v. . Alemannia Fire Ins. Co.

In the case of Hone v. The Mutual Safety Insurance Co. (1 Sandf. Sup. C.R., 137), it was adjudged that under a contract of re-insurance, the extent of the liability of the re-insurer was not affected by the insolvency of the re-assured, nor by its inability to fulfill its own contract with the original insured. This proposition was maintained by Mr. Justice SANDFORD, giving the judgment of the Superior Court of New York, in a careful and learned opinion, thoroughly setting forth the reasons on which the decision rested and the authorities supporting it. This judgment was affirmed in the Court…