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

(1933) 46 Ll L Rep 265

COURT OF APPEAL.

Before Lord Justice Scrutton, Lord Justice Greer and Lord Justice Romer.

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