Property Insurance, Comprising Fire And Marine Insurance, Corporate Surety Bonding, Title Insurance, And Credit Insurance
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In our eReader you can find the full English version of the book. Read Property Insurance, Comprising Fire And Marine Insurance, Corporate Surety Bonding, Title Insurance, And Credit Insurance Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Property Insurance, Comprising Fire And Marine Insurance, Corporate Surety Bonding, Title Insurance, And Credit Insurance
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To quickly assess the difficulty of the text, read a short excerpt:
That which is only incidental and contributing is in no sense responsible for the disaster. " ' If, in such cases, the insurance company pays the claim, it becomes subrogated to the rights of the original insured, to reimburse himself through the collection of damages from the party whose negligence caused the loss. The company, how- ever, must prove that the proximate or real cause of the loss was the negligence of the party from whom they wish to collect damages.
Numerous cases arise, however..., where the doctrine of proximate cause is not connected with the subject of subro- gation, but must be used to determine the liability of the insurance company itself. This is well illustrated in the case of The Lynn Gas and Electric Co. vs. The Meriden Fire Insurance Company (158 Mass., 570). Here the plaintiff was insured for a large amount under the Massachusetts standard fire-insurance policy, against direct loss or damage 1 D. Ostrander, "Law of Fire Insurance," p. 365, 98 FIRE INSURANCE by fire, and the policies of the several companies covered all the machinery and other property of the plant.
What to read after Property Insurance, Comprising Fire And Marine Insurance, Corporate Surety Bonding, Title Insurance, And Credit Insurance?
You can find similar books in the "Read Also" column, or choose other free books by S S Solomon Stephen Huebner to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
That which is only incidental and contributing is in no sense responsible for the disaster. " ' If, in such cases, the insurance company pays the claim, it becomes subrogated to the rights of the original insured, to reimburse himself through the collection of damages from the party whose negligence caused the loss. The company, how- ever, must prove that the proximate or real cause of the loss was the negligence of the party from whom they wish to collect damages.
Numerous cases arise, however..., where the doctrine of proximate cause is not connected with the subject of subro- gation, but must be used to determine the liability of the insurance company itself. This is well illustrated in the case of The Lynn Gas and Electric Co. vs. The Meriden Fire Insurance Company (158 Mass., 570). Here the plaintiff was insured for a large amount under the Massachusetts standard fire-insurance policy, against direct loss or damage 1 D. Ostrander, "Law of Fire Insurance," p. 365, 98 FIRE INSURANCE by fire, and the policies of the several companies covered all the machinery and other property of the plant.
What to read after Property Insurance, Comprising Fire And Marine Insurance, Corporate Surety Bonding, Title Insurance, And Credit Insurance?
You can find similar books in the "Read Also" column, or choose other free books by S S Solomon Stephen Huebner to read onlineMoreLess
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