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Jose F. Manacop, et al. vs. Equitable PCIBank, et al.

JOSE F. MANACOP, HARISH C. RAMNANI, CHANDRU P. PESSUMAL and MAUREEN M. RAMNANI, Petitioners, versus EQUITABLE PCIBANK, LAVINE LOUNGEWEAR MANUFACTURING INC., PHILIPPINE FIRE AND MARINE INSURANCE CORPORATION and FIRST LEPANTO-TAISHO INSURANCE CORPORATION, Respondents.

G.R. Nos. 162814-17 | 2005-08-25

FIRST DIVISION

D E C I S I O N 

YNARES-SANTIAGO, J.: 

Respondent Lavine Loungewear Manufacturing, Inc. ("Lavine") insured its buildings and supplies against fire with Philippine Fire and Marine Insurance Corporation ("PhilFire"), Rizal Surety and Insurance Company ("Rizal Surety"), Tabacalera Insurance Company ("TICO"), First Lepanto-Taisho Insurance Corporation ("First Lepanto"), Equitable Insurance Corporation ("Equitable Insurance"), and Reliance Insurance Corporation ("Reliance Insurance"). Except for Policy No. 13798 issued by First Lepanto, all the policies provide that: 

Loss, if any, under this policy is payable to...