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BANKERS TRUST CO. v. PACIFIC EMPLOYERS INSURANCE CO.

No. 16620.

282 F.2d 106 (1960)

BANKERS TRUST COMPANY, a Corporation, Appellant, v. PACIFIC EMPLOYERS INSURANCE COMPANY, a Corporation, and The Century Insurance Company, Limited, a Corporation, Appellees.

United States Court of Appeals Ninth Circuit.

August 24, 1960.

Attorney(s) appearing for the Case

Grubic, Drendel & Bradley, Stewart & Horton, Reno, Nev., for appellant.

Bert W. Levit, John B. Hook, Long & Levit, San Francisco, Cal., Hawkins, Rhodes & Hawkins, Reno, Nev., for appellees.

Before STEPHENS, ORR and MERRILL, Circuit Judges.

ORR, Circuit Judge.

Appellant acquired from appellees four policies of fire insurance securing the owner of the Bankers Trust Building in Reno, Nevada, against loss by fire. On or about February 5, 1957, the said building was totally destroyed by an explosion and fire, while the said insurance policies were in full force and effect. The policies had a face value of $290,000, but by specific terms contained in the policies recovery was limited to the actual cash value...

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