Liberty Mut. Ins. Co. v. First Nat. Bank in Dallas

The controlling facts in this case are relatively few and simple. Liberty Mutual Insurance Company — hereafter referred to as Liberty Mutual — had in its employ as its claims manager and adjuster in its Ft. Worth office from December 16, 1946 to March, 1949. one Willard Hill. During this same period Liberty Mutual had an account in First National Bank in Dallas — hereafter referred to as Bank — and carried with Fidelity & Denosity Company of Maryland — hereafter referred to as Fidelity — a policy insuring it against loss sustained by reason of the dishonest acts of its employees. Over the…