Kennesaw Life & Accident Insurance Co. v. Streetman

Appellant Kennesaw Life & Accident Insurance Co. appeals from a judgment entered against it on July 30, 1980 in the sum of $649,400.00 “plus interest on such sum at the legal rate from the date hereof until paid.”

Appellant timely filed a supersedeas bond which recites in part:

We, Kennesaw Life and Accident Insurance Company, and Insurance Company of North America of Philadelphia, Pennsylvania, as surety, acknowledge ourselves bound to pay Coy W. Streetman, Jr. appellee, the sum of $707,846, said sum being at least the amount of the judgment, interest, and costs, conditioned that appellant…