Lucas v. Manufacturing Lumbermen's Underwriters

On November 12, 1936, appellant, O'Malley, as Superintendent of Insurance, took charge of the affairs of Manufacturing Lumbermen's Underwriters, a reciprocal insurance exchange. This concern will be referred to as M.L.U. On October 20, 1937, O'Malley was succeeded in office by George A.S. Robertson. Robertson filed exceptions to the report of O'Malley with reference to the expenses incurred in handling the affairs of M.L.U. The trial court surcharged O'Malley with $85,264.44 and entered a judgment against O'Malley and his surety, the Central Surety and Insurance Corporation. From that…