United Southern Bank of Sumner Cty. v. Glens Falls

MEMORANDUM

JOHN T. NIXON, District Judge.

This matter is before the Court on plaintiff’s motion for summary judgment in a diversity action in which the plaintiff, a Tennessee bank, has sued the defendant insurance company, a foreign corporation domiciled in New York, alleging a compensable loss under its “Bankers Blanket Bond” with the defendant company. The dispute involved the question as to whether the total amount of loss claimed on the “Proof of Loss” as filed by the bank was covered under the terms of the bond.

From the pleadings and the affidavits in the case the facts appear to be as…