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SCHWABACH & COMPANY v. GULF SHIPSIDE STORAGE CORP.

Civ. A. No. 6734.

173 F.Supp. 105 (1959)

SCHWABACH & COMPANY, Plaintiff, v. GULF SHIPSIDE STORAGE CORPORATION et al., Defendants.

United States District Court E. D. Louisiana, New Orleans Division.

April 15, 1959.

Attorney(s) appearing for the Case

Monroe & Lemann, Nigel Rafferty, Ralph N. Jackson, New Orleans, La., for plaintiff.

Deutsch, Kerrigan & Stiles, Malcolm W. Monroe, New Orleans, La., Mendes & Mount, J. J. Killea, New York City, for Underwriters at Lloyd's, etc.

Cahn & Provensal, Sidney W. Provensal Jr., New Orleans, La., for Gulf Shipside Storage Corp.

J. SKELLY WRIGHT, District Judge.

This case involves a phantom certificate of insurance issued, according to its face, by authority of certain unnamed "Underwriters, at Lloyd's, London and/or Companies." It demonstrates that anyone relying on such or similar certificates may find himself without insurance because, contrary to public belief, Lloyd's is not an insurer1 and certificates issued using its name are but hunting licenses to find...

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