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THRIFT FED. S. & L. ASSN. OF CLEVELAND v. OVERTON

No. 89-1545.

56 Ohio St. 3d 48 (1990)

THRIFT FEDERAL SAVINGS & LOAN ASSOCIATION OF CLEVELAND v. OVERTON; HOME SAVINGS & LOAN COMPANY, APPELLEE, v. FIDELITY & DEPOSIT COMPANY OF MARYLAND, APPELLANT.

Supreme Court of Ohio.

Decided December 5, 1990.

Attorney(s) appearing for the Case

Schwartz, Kelm, Warren & Rubenstein, Richard A. Frye and Joanne F. Weber; Freeman & Freeman and Harold J. Freeman, for appellee.

Arter & Hadden, Irene C. Keyse-Walker, Kris H. Treu and James H. Grove, for appellant.

DOUGLAS, J.

The issue before this court is whether Home Savings, a judgment creditor of Republic Escrow, can recover against Fidelity on the "Comprehensive Dishonesty, Disappearance and Destruction Policy" issued to Republic Escrow by Fidelity covering losses due to the fraudulent or dishonest acts of Republic Escrow's employees. We determine that the policy at issue does not cover Republic Escrow for any loss it might have sustained in the case at bar and, accordingly...

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