Columbian National Fire Insurance v. Pittsburgh Fire Insurance

This suit involves liability of defendant company for losses paid by plaintiff under fire insurance policies in part indemnified by reinsurance with defendant and also adjustment expenses and stipulated percentage of premiums arising out of a contract between the parties. The material parts of the contract are as follows:

“Article 1. The Columbian National undertakes to cede to the Pittsburgh and the Pittsburgh Fire agrees to reinsure, subject to the terms and conditions of this agreement, not to exceed two surplus lines (excess amount above the Columbian National’s own net retention) in all…