Georgia Casualty and Surety Co. v. Seaboard Surety Co.

MORGAN, District Judge.

This is an action on a contract brought by the plaintiff, Georgia Casualty and Surety Company, a Georgia corporation, upon a comprehensive blanket insurance policy issued by the defendant, Seaboard Surety Company, a non-resident corporation, and liability is asserted under three separate insuring agreements set forth in the blanket policy.

First, liability is asserted under the terms of Insuring Agreement No. 1 in which the defendant contracted and agreed to insure plaintiff against:

“Loss through any fraudulent, dishonest or criminal act (except when such criminal act…