Home Indemnity Co. v. Reynolds & Co.

MB. PRESIDING JUSTICE DEMPSEY

delivered the opinion of the court.

The Home Indemnity Company issued brokers blanket bonds and a liability policy to Beynolds & Co., a partnership, brokers and dealers in stocks and commodities. The bonds contained a fidelity provision which insured Beynolds against loss incurred through any dishonest, fraudulent or criminal acts of its employees. It excluded losses resulting from similar acts of partners. The liability policy indemnified Beynolds for judgments obtained against it by customers who sustained damages through the acts of either employees or partners…