King Finance Co. of Louisiana v. Fireman's Fund Insurance

HAWTHORNE, Justice.

King Finance Company of Louisiana, Inc., and King Discount Company of Louisiana, Inc., insured under a small loan company blanket bond, filed this suit to recover from Fireman’s Fund Insurance Company $2125.00 which they alleged was “taken, stolen, and/or was the object of a theft by a party and/or parties unknown” from- one of their branch offices in New Orleans. The provision of the bond under which the plaintiffs seek to recover stipulates that the insurer will indemnify petitioners for:

“B. Any loss of property through robbery, burglary, * * * theft, * * * damage or…