Philadelphia Electric Co. v. Aetna Casualty & Surety Co.

OPINION

OLSZEWSKI, Judge:

In this appeal we are called upon to determine whether the lower court erred in finding that the Philadelphia Electric Company’s (PECO’s) insurance claim was barred by its failure to properly notify its insurer, Aetna Casualty & Surety Company (Aetna), of the accident within a reasonable time. 1 Since we have determined that Aetna was on notice of the accident shortly after its occurrence, we therefore reverse.

The rather long and complex factual background of the case reveals that in January of 1964, McCloskey & Corhpa-ny (McCloskey) entered into a contract with the…