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Harish Ramnani, et al. Vs. QBE Insurance Phil., Inc

HARISH RAMNANI, CHANDRU P. PESSUMAL, MAUREEN RAMNANI, and JOSE MANACOP, Petitioners, versus QBE INSURANCE PHILIPPINES, INC., Respondent.

G.R. No. 165855 | 2007-10-31

D E C I S I O N


Tinga, J.:

Lavine Loungewear Mfg. Inc. (Lavine) is a corporation engaged in the manufacture and export of loungewear. It procured six (6) fire insurance contracts from different insurers in order to insure its buildings and supplies. The insurers were Philippine Fire and Marine Insurance Corporation (PhilFire), Rizal Surety and Insurance Company (Rizal Surety), Tabacalera Insurance Company (Tabacalera), First Lepanto-Taisho Insurance Corporation (First Lepanto), Equitable Insurance Corporation (Equitable Insurance), and Reliance Insurance Corporation (Reliance Insurance).

On 1 August 1998, a fire in Pasig City...