Court of Appeals for the Fifth Circuit September 6, 1973, 73-1770 (G. B. Howell D/B/A Howell Breeding & Training Farm, Plaintiff-Appellee-Cross v. American Live Stock Insurance Company, Defendant-Appellant-Cross)

WISDOM, Circuit Judge:

The plaintiff-appellee, G. B. Howell, sued American Livestock Insurance Company on a livestock insurance contract to recover for the death of Riches I Seek — a two year old thoroughbred horse. The trial concerned the “actual cash value” of the colt as of its death. The jury returned a verdict for the plaintiff for $25,000, the maximum amount payable under the policy.