Appellate Court reversed trial court
The Appellate Court reversed the trial court and found that the insured had an insurable interest in the house even though the court found that the transaction was an equitable mortgage.
The decision was a rule 23 one. http://www.state.il.us/court/R23_Orders/AppellateCourt/2011/1stDistrict/1103026_R23.pdf
Above is a copy of the decision.