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KNIGHT v. U.S. FIRE INS. CO.

No. 83 Civ. 5102 (CBM).

651 F.Supp. 477 (1986)

Frederick W.A. KNIGHT, Plaintiff, v. U.S. FIRE INSURANCE COMPANY, Insurance Company of North America, Centennial Insurance Company, Reliance Insurance Company, Federal Insurance Company, Royal Insurance Company of America, Northwestern National Insurance Company, Highlands Insurance Company and Continental Insurance Company, Defendants.

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

February 10, 1986.

Attorney(s) appearing for the Case

Haight, Gardner, Poor & Havens by Gordon W. Paulsen, Robert S. Burrick, New York City, for plaintiff.

Waesche, Sheinbaum & O'Regan, P.C. by Donald M. Waesche, New York City, for defendants.

MOTLEY, Chief Judge.

OPINION

In late 1982 plaintiff Frederick Knight obtained a policy of insurance worth over thirty million dollars for a collection of Thai statuary which he was planning to ship from Singapore to Piraeus, Greece. After the vessel sank in transit, plaintiff attempted to collect on the insurance but was refused by defendants herein, the policy's underwriters. Defendants claim they were entitled to void the insurance ab initio, and...

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