Connecticut High Court: Deductible Not Part Of Loss To Insurance Agent

HARTFORD, Conn. - A deductible to an errors and omissions (E&O) insurance policy issued to an insurance agent is not part of a loss to which the make whole-doctrine applies, the Connecticut Supreme Court ruled July 30, finding that the E&O insurer should be made whole for its losses before the insured can recoup from third parties (Fireman's Fund Insurance Co. v. TD Banknorth Insurance Agency Inc., No. SC 18796, Conn. Sup.; 2013 Conn. LEXIS 259).

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