First National Bank v. Springfield Fire & Marine Insurance

Citations

• 104 Kan. 278
• 178 P. 413
• 1919 Kan. LEXIS 244

Syllabus

<p>SYLLABUS BY THE COURT.,</p> <p>Fire Insurance — Loss Paid to Mortgagee• — Right of Insurance Company to Subrogation. In an action on a fire insurance policy, the insurance company, upon satisfaction of a judgment against it in favor of a mortgagee under a loss payable clause of the policy, is entitled to subrogation to the claims of the mortgagee, where it has a valid defense as against the assured.</p>