Lease America Corp. v. Insurance Co. of North America

This is an appeal from an order of the trial court granting Lease America’s motion for a new trial on the issue of liability and an order denying a motion to reconsider the granting of a new trial. We affirm the orders.

Lease America Corporation (an assignee of the lessor) leased printing machines to North Shore Publishing Company, a printing firm with its principal place of business in the Milwaukee suburb of Shorewood. The lease required that North Shore maintain at its own expense fire and extended coverage on the leased equipment with loss payable to Lease America or North Shore as their…