The action was brought to recover on two policies of insurance, the first, an all-risk policy in the face amount of $1,265,000 (first and second causes of action) and the second, a "Comprehensive Dishonesty, Disappearance and Destruction Policy" in the face amount of $25,000 (third cause of action). Plaintiff, a resident of New Jersey, is a former officer and director of Puritan Industries, Inc., the named insured, and is the assignee of Puritan's interest in the property...
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