W. O. Sugg v. Toledo Fire & Marine Insurance Co.

Order: 
Supreme Court Case Name: 
W. O. Sugg v. Toledo Fire & Marine Insurance Co.
Case Date: 
1906
Court Origin: 
Chancery
Cause/Crime: 
Insurance Claims and Policies

Database - TN Research:

County:

Division: 
West
Number of Pages: 
295
Notes / Description: 

Plaintiff sued for $9,000 plus 25% penalty provided by law. Alleges that in 1904 he purchased from defendant $9000 worth of fire insurance on his lumber yard; insurance policies used as collateral security for indebtedness with the Memphis Savings Bank. Insured property destroyed by fire on 23 Dec. 1904. Insurance company has acted in bad faith by arbitrarily refusing to pay the loss or proceed with the adjustment.