Provident Trust Co. v. National Surety Corp.

McLAUGHLIN, Circuit Judge.

This appeal involves the construction of a so-called “Bankers’ Blanket Bond” issued by the defendant insurance company to the plaintiff bank. In that bond under Section D-5, as amended, coverage was provided for “any loss” “(5) through transferring or paying any money or funds or transferring or delivering any securities or establishing any credit on the faith of forged or altered written instructions or advices from any customer or from any banking institution, not including telegraphic, cable, radio or teletype instructions or advices.” Under Section 2(a) the bond…