St. Paul Fire & Marine Insurance v. Branch Banking & Trust Co.

ORDER

DUPREE, District Judge.

This action arose out of a dispute as to plaintiff’s obligation under an insurance contract with defendant. Under the agreement, plaintiff agreed to indemnify defendant for loss resulting from dishonest or fraudulent acts of an employee. While plaintiff concedes its obligation to pay and has paid a portion of the amount claimed by defendant, there is a wide discrepancy between the amount claimed and the amount paid. The action is before the court on the parties’ cross-motions for summary judgment. The issues have been fully briefed and argued by both parties, and…