Conn. High Court Gives Policyholders Dibs On Damages

Law360, New York (July 26, 2013, 4:30 PM EDT) -- In a decision to be published Tuesday, Connecticut's highest court has adopted a doctrine ensuring policyholders are compensated for their losses before their insurers can get a cut of damages from third parties, although it held that policyholders don't enjoy that priority when recouping their deductibles.

Answering questions sent over by the Second Circuit, the Connecticut Supreme Court clarified that the "made-whole" doctrine is the default rule in the state, making official the nonbinding guidance the high court provided in a 2002 ruling.

The made-whole doctrine...
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