AETNA CAS. & SUR. CO. v. ARDIZONE

84-42, 84-44.

481 So.2d 380 (1985)

AETNA CASUALTY & SURETY CO. v. Gilbert J. ARDIZONE, et al., d/b/a Waterfront Joint Venture. Gilbert J. ARDIZONE, et al., d/b/a Waterfront Joint Venture v. AETNA CASUALTY & SURETY CO.

Supreme Court of Alabama.

December 20, 1985.


Attorney(s) appearing for the Case

E.J. Saad of Brown, Hudgens, Richardson, Mobile, for appellants.

Peter F. Burns of Morgan & Burns, Mobile, for appellees.


JONES, Justice.

Plaintiffs are members of an investment group that purchased a warehouse outfitted with refrigeration equipment. Initially, the warehouse was leased back to the original owner, who was charged with providing the insurance on the building. After the lease expired, however, Plaintiffs were faced with procuring insurance on the property.

One of the investors, John Theiss, who operated a separate business, Gulf Coast Paint & Supply Company...

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