The rule has been long established that where floating policies have been issued by different insurers to a single insured and the total applicable insurance is sufficient to pay the entire loss, each insurer is responsible for the proportion of the total loss which the amount of its policy bears to the whole amount insured (Golde v. Whipple & Co., 7 App. Div. 48). We see no reason to here apply a different rule. The distinguishing feature is that defendant had...
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