Allegheny Insurance v. Ransom
Allegheny Insurance v. Ransom
Opinion of the Court
Tbe opinion of tbe court was delivered, January 9th 1872, by
Upon tbe principal question raised in the court below and discussed here — which is certainly very important and interesting — two very respectable courts of our sister states have given opposite judgments: Cincinnati Insurance Company v. Bakewell, 4 B. Monr. 541; Cincinnati Insurance Company v. Duffield, 6 Ohio (N. S.) 200. Tbe ruling of the learned judge below, which adopts tbe latter of these two judgments, is certainly sustained by the concurrent opinions of tbe most distinguished of tbe foreign jurists and writers on commercial law. Boulay-Paty lays it down as an uncontroverted point that where tbe assured has bad only a part of bis interest in tbe subject covered by tbe policy, be is only obliged, in order to recover for a total loss, to abandon the proportion so covered, and remains owner of that which was not insured; and be explains very -clearly tbe principles upon w'hich tbe loss and salvage are to be adjusted in such a case: Traite des Ass. tom. 2, ch. 17, s. 13, citing Pothier, Valin, De Laca and Casaregis. See also 2 Arnould on Ins. 1159.
We give no opinion, however, upon this question, because in any view of tbe case tbe plaintiff below showed no title to recover. Conceding fully tbe postulate with which they set out, they were tenants in common with tbe defendants of tbe “Indianola” in certain proportions; nor would tbe case be varied if in point of fact there was no abandonment. They claimed and recovered tbe entire sum insured as for a total loss, and tbe defendants were undoubtedly subrogated to all tbeir rights for tbe purpose of indemnifying themselves. Tbe form of action was assumpsit — ■ special with tbe common money counts. Tbe special count alleged that tbe defendants took possession of and converted tbe wreck, and by reason thereof became liable to pay tbe plaintiffs tbeir share of its value. This count was clearly bad on general de
Judgment reversed.
Reference
- Full Case Name
- Allegheny Insurance Co. versus Ransom
- Status
- Published