141265P.pdf   06/02/2015  Avon State Bank  v.  BancInsure, Inc.
   U.S. Court of Appeals Case No:  14-1265
                          and No:  14-2202
   U.S. District Court for the District of Minnesota - Minneapolis   
   [PUBLISHED] [Shepherd, Author, with Gruender and Kelly, Circuit Judges] 
   Civil case - Insurance. The indemnity bond issued to the bank requiring 
   defendant to indemnify Avon for any loss resulting directly from dishonest 
   or fraudulent acts committed by a bank employee was not limited to first 
   party losses and covered third party losses such as occurred in this case 
   where Avon suffered the loss of third-party property in its possession; as 
   the district court did not err in holding that the bond covered Avon's 
   loss and the bond covered Avon's entire loss, the court did not need to 
   consider Avon's cross-appeal on the question of whether the loss was 
   covered under its Directors and Officers liability policy; district court 
   correctly applied Minnesota law in determining Avon's prejudgment interes.