Home Owned Stores, Inc. v. Standard Accident Insurance

Opinion of the Court by

Judge Thomas

Affirming.

On January 2, 1930, the appellee and defendant below, Standard Accident Jnsurance Company, issued to the appellant and plaintiff below, Home Owned Stores, Incorporated, a fidelity policy or bond by which it, in consideration of the premium paid by the insured, indemnified it against loss sustained “through any act of fraud, dishonesty, forgery, theft, larceny, embezzlement, misappropriation, wrongful abstraction or willful misapplication committed” by certain named employees of the insured, whether perpetrated alone or in collusion with others…