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HOME INDEMNITY CO. v. REYNOLDS & CO.

Gen. No. 48,604.

38 Ill. App.2d 358 (1962)

187 N.E.2d 274

The Home Indemnity Company, a Corporation, Plaintiff-Appellant, v. Reynolds & Co., a Partnership, Defendant-Appellee.

Appellate Court of Illinois — First District, Third Division.

Rehearing denied January 31, 1963.

Attorney(s) appearing for the Case

Clausen, Hirsh, Miller & Gorman, of Chicago (Donald N. Clausen, and Jerome H. Torshen, of counsel), for appellant.

Winston, Strawn, Smith & Patterson, of Chicago (Douglas C. Moir, Edward J. Wendrow, and Edward L. Foote, of counsel), for appellee.

MR. PRESIDING JUSTICE DEMPSEY delivered the opinion of the court.

The Home Indemnity Company issued brokers blanket bonds and a liability policy to Reynolds & Co., a partnership, brokers and dealers in stocks and commodities. The bonds contained a fidelity provision which insured Reynolds against loss incurred through any dishonest, fraudulent or criminal acts of its employees. It excluded losses resulting from similar acts of partners. The liability policy indemnified...

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