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WELLS FARGO BANK INTERNATIONAL CORP. v. LONDON S.-S. OWNERS' MUT. INS. ASS'N, LTD.

No. 74 Civ. 2688.

408 F.Supp. 626 (1976)

WELLS FARGO BANK INTERNATIONAL CORPORATION, Plaintiff, v. LONDON STEAM-SHIP OWNERS' MUTUAL INSURANCE ASSOCIATION, LTD., Defendant.

United States District Court, S. D. New York.

February 26, 1976.

Attorney(s) appearing for the Case

Burlingham, Underwood & Lord, New York City, for plaintiff; Kenneth H. Volk, New York City, of counsel.

Mendes & Mount, New York City, for defendant; Brendan J. Connolly, New York City, of counsel.

OPINION

FRANKEL, District Judge.

In its capacity as a mortgagee-loss payee under a marine insurance policy, plaintiff Wells Fargo Bank International is suing defendant insurer London Steam-Ship Owners' Mutual Insurance Association, Ltd., for payments allegedly due under the policy.

Defendant is an English corporation composed of shipowners who mutually agree to insure themselves against socalled protection and indemnity risks pursuant to the Rules...

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