Paramount Paper Products Co. v. Aetna Casualty & Surety Co.

This is an action on a blanket crime policy issued by defendant to plaintiff. As a part of the insuring agreement, the policy provides coverage as follows: “EMPLOYEE DISHONESTY COVERAGE. 1. Loss of Money, Securities and other property which the Insured shall sustain through any fraudulent or dishonest act or acts committed by any of the Employees, acting alone or in collusion with others.” It also contains the following exclusion clause referred to as Section 2. “This Policy does not apply: * * * (b) to loss, or to that part of any loss, as the case may be, the proof of which, either as *830to…