Ace Wire & Cable Co. v. Aetna Casualty & Surety Co.
New York Court of Appeals
1Opinion of the Court
*394OPINION OF THE COURT
Meyer, J.
The comparison of inventory records kept on a unit basis with a physical count of items on hand is not an “inventory computation” within the meaning of the exclusion in section 2(b) of a comprehensive dishonesty, disappearance and destruction policy of insurance. Moreover, because section 4 of the policy requires only evidence which “reasonably proves” employee dishonesty, the insurer is not entitled to summary judgment in an action on the policy if the insured presents some independent evidence from which employee dishonesty can be reasonably inferred, even…
2Cases cited10 opinions
- Breed v. Insurance Co. of North AmericaNew York Court of Appeals · 1978
- Lewis v. Ocean Accident & Guarantee Corp.New York Court of Appeals · 1918
- Bird v. St. Paul Fire & Marine InsuranceNew York Court of Appeals · 1918
- Tri-Motors Sales, Inc. v. Travelers Indemnity Co.Wisconsin Supreme Court · 1963
- Wolf v. . &198tna Acc. and Liab. Co. of Hartford, Conn.New York Court of Appeals · 1920
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3Cited by160 opinions
- New York University v. Continental InsuranceNew York Court of Appeals · 1995
- Maury A. Ryan, D/B/A Ryan, Klimek, Ryan Partnership v. Royal Insurance Company of America, Etc.Court of Appeals for the First Circuit · 1990
- NY Univ. v. CONT'L INS CONew York Court of Appeals · 1995
- Allstate Insurance v. MugaveroNew York Court of Appeals · 1992
- Belt Painting Corp. v. TIG InsuranceNew York Court of Appeals · 2003
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