M.Z. Discount Clothing Corp. v. Meyninger

MEMORANDUM & ORDER

DEARIE, District Judge.

This is an action to recover proceeds of two insurance policies. Plaintiff M.Z. Discount Clothing Corp. (“M.Z.”) was insured under a $15,000 Commercial Crime Insurance Policy (the “FEMA Policy”) issued by the Federal Emergency Management Agency' (“FEMA”).1 M.Z. was also covered by an *184$85,000 excess policy issued by certain underwriters at Lloyds’ (“Lloyds”). Less than one month after coverage under the Lloyds policy commenced, M.Z. claimed that certain of its inventory was stolen in a burglary. M.Z. claimed a loss in excess of $100,000, thus…