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VIRGINIA CAPITAL BANK v. AETNA CAS. & SUR.

Record No. 821629.

343 S.E.2d 81 (1986)

VIRGINIA CAPITAL BANK v. The AETNA CASUALTY & SURETY COMPANY.

Supreme Court of Virginia.

April 25, 1986.

Attorney(s) appearing for the Case

Robert D. Perrow (Wallerstein, Goode & Dobbins, Richmond, on brief), for appellant.

John W. Burke, III (Henry H. McVey, III, McGuire, Woods & Battle, Richmond, on brief), for appellee.

Present: All the Justices.

RUSSELL, Justice.

The dispositive question in this appeal is whether a bank suffered a loss covered under an insurance policy called a "banker's blanket bond" as a result of the fraudulent alteration of a note. Virginia Capital Bank (Bank) brought this action against the Aetna Casualty & Surety Company (Aetna), alleging that the Bank had sustained a loss by reason of the fraudulent alteration of a promissory note, that Aetna had insured the Bank against such losses...

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