Insurance - Supreme Court Review
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Authors
Issue Date
1979
Volume
12
Issue
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
FIRST PARAGRAPH(S)|In Omaha Paper Stock Co. v. California Union Insurance Co., the plaintiff, operator of two paper recycling plants in Omaha, Nebraska, sued to recover on an insurance contract issued by the defendant insurance company. In 1974, due to an overabundance of baled paper, the paper company began to store large quantities of paper outside one of its plants. On February 13, 1975, the defendant agreed to insure the plaintiff's outside inventory of paper against losses not to exceed $250,000. Two months later, a fire destroyed virtually all of the plaintiff's outside inventory. The paper company claimed an actual loss of approximately $348,000, but only attempted to recover the $250,000 policy limit. The insurance company refused to pay, maintaining that the insured fraudulently misrepresented the damage caused by the fire and that it had made false statements with regard to its bookkeeping methods...
Description
Citation
12 Creighton L. Rev. 273 (1978-1979)
Publisher
Creighton University School of Law