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NEW PONCE SHOPPING CENTER v. INTEGRAND ASSUR. CO.

No. 95-2291.

86 F.3d 265 (1996)

The NEW PONCE SHOPPING CENTER, S.E. and Aaron Sokol, Plaintiffs-Appellees, v. INTEGRAND ASSURANCE COMPANY, Defendant-Appellant.

United States Court of Appeals, First Circuit.

Decided June 25, 1996.

Attorney(s) appearing for the Case

José E. Otero Matos, with whom Irizarry, Otero & López, was on brief, Santurce, PR, for appellant.

Enrique Peral, with whom Muñoz Boneta González Arbona Benítez & Peral, was on brief, Hato Rey, PR, for appellees.

Before LYNCH, Circuit Judge, COFFIN, Senior Circuit Judge, and CUMMINGS, Circuit Judge.

CUMMINGS, Circuit Judge.

Fire destroyed a building in Ponce, Puerto Rico, that likely would have been demolished at the owner's behest absent the fire. The insurance company refused to pay the policy amount, arguing that the owner lacked an insurable interest by virtue of the almost certain plans for demolition. The district court rejected that argument. We affirm on the basis that the owner had not abandoned the building pursuant to an "irrevocable commitment" to...

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