Defendant Federal Insurance Company, an affiliate of the Chubb defendants, issued a policy of insurance to Camaysar Food Corporation with loss being payable to the insured and plaintiffs Pioneer Food Stores Cooperative, Inc. and Paragon Supermarket, Inc. Following a small fire which broke out around midnight on May 5, 1980, a larger fire erupted at 3:18 A.M., destroying a supermarket operated by Camaysar Food Corporation located at 5205 Broadway, Bronx, New York. The Fire...
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