Ashland Finance Co. v. Hartford Accident & Indemnity Co.

CULLEN, Commissioner.

Ashland Finance Company procured from Hartford Accident and Indemnity Company a “blanket bond” covering losses from dishonest or fraudulent acts of employes or from robbery, burglary or larceny by strangers. On December 23, 1965, Ashland discovered the loss of a note for some $5,-200, it not being clear whether the loss was due to a dishonest act of an employe or to a burglary by a stranger. After a period of negotiations Hartford denied liability, Ashland brought suit on February 3, 1967. Judgment was entered dismissing the suit on the ground that it was barred by a…