Graydon-Murphy Oldsmobile v. Ohio Casualty Insurance

Opinion

KERRIGAN, J.

This is an action on an insurance contract for loss sustained by reason of the dishonest acts of an employee in embezzling her employer’s funds. Plaintiff, the corporate employer, was insured under an employee dishonesty policy issued by the defendant-insurer in the sum of $10,000. The policy became effective on January 28, 1964.

Dixie Mason was plaintiff’s office manager. During the three years prior to the commencement of the aforesaid policy, she embezzled $33,436. Following execution of the policy, she stole an additional $14,750. In early November 1964, she advised her…