RUBY STEAMSHIP CORPORATION LTD., v. COMMERCIAL UNION ASSURANCE COMPANY, LTD.

(1932) 44 Ll L Rep 263

KING'S BENCH DIVISION.

Before Mr. Justice Roche.

Insurance (marine) - Brokers - Cancellation of policies- Sale of ship- Insurance of vendors' and purchasers' (plaintiffs') interests to be effected by W corporation (holding a part interest)- Premiums payable by plaintiffs - Policies effected by New York insurance brokers through English brokers with defendant underwriters- Premiums unpaid by plaintiffs- Cancellation by New York brokers- Later policies effected for less cover- Recovery under later policies- Right of brokers to cancel earlier policies- American or English law- Whether plaintiffs ratified cancellation of the earlier policies and were estopped from denying that they were cancelled with their authority