New York Trust Co. v. Royal Indemnity Co.

On the 12th day of October, 1923, defendant executed and delivered to plaintiff its “ Bankers’ Blanket Bond,” which was alleged to have been in effect during the times mentioned in the submission. The defendant undertook, according to the bond, to indemnify the plaintiff “ from and against any losses sustained by the insured ” prior to its termination. The bond contained coverage for losses sustained under certain contingencies. The insuring clause is as follows: “ (B) Any loss of money, cur*409rency, bullion, bonds, debentures, scrip, certificates, warrants, transfers, coupons, bills of…