FIRST NAT. BANK v. BOSTON INS. CO.

No. 34906.

17 Ill.2d 147 (1959)

160 N.E.2d 802

THE FIRST NATIONAL BANK OF HIGHLAND PARK, Appellee, v. BOSTON INSURANCE COMPANY et al., Appellants.

Supreme Court of Illinois.

Rehearing denied September 22, 1959.


Attorney(s) appearing for the Case

CLAUSEN, HIRSH, MILLER & GORMAN, and GOLDENSON AND GOLDENSON, both of Chicago, for appellants.

OWENS, OWENS & RINN, of Chicago, for appellee.


Judgment affirmed.

Mr. JUSTICE SCHAEFER delivered the opinion of the court:

In March of 1952 the four defendant insurance companies issued policies of fire insurance aggregating $46,750 to the First National Bank of Highland Park on property to which it held title as trustee under a land trust. Each of the policies indemnified the insured "to the extent of the actual cash value of the property at the time of loss, but not exceeding the amount which it would...

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