First National Bank in Manitowoc v. Cincinnati Insurance

DECISION AND ORDER

GRIESBACH, District Judge.

Plaintiff First National Bank In Manito-woc (“FNB”) claims that Continental Casualty Company (“Continental”) and Cincinnati Insurance Company (“Cincinnati”) are liable under their respective bonds for losses sustained by FNB as a result of a fraud committed by one of its customers. FNB has asserted claims for declaratory relief and breach of contract against each defendant and, in addition, alleges that Continental’s denial of coverage constitutes bad faith. The case is presently before me on Continental’s motion for summary judgment. For the…