Payroll Express Corporation, Cross-Appellee v. The Aetna Casualty and Surety Company, Cross-Appellant

MANSFIELD, Circuit Judge:

In this diversity action for breach of an insurance contract Payroll Express Corporation (Payroll), a company which makes payroll deliveries for employers, appeals from a judgment of the Southern District of New York, Pierre N. Leval, Judge, entered after a non-jury trial, holding that a policy issued to it by the defendant, The Aetna Casualty and Surety Company (Aetna), insuring it against dishonesty, destruction and disappearance of payrolls (known as “crime” insurance) is not cancellable except for non-payment of premiums until February 7,1983, and enjoining Aetna…