Does an insurance company have a duty to indemnify a principal against an agent for a loss sustained by the insured as a result of the agent's actions?
MultiRegion, United States of America
The following excerpt is from American States Ins. Co. v. Borbor by Borbor, 826 F.2d 888 (9th Cir. 1987):
6 The case at bench does not concern the responsibility of a principal to a third person for a loss occasioned by wrongs committed by an agent. Instead, the case here concerns the responsibility of an insurance company under a contract of indemnity for a loss sustained by the insured principal as a result of an act of an agent.
See, e.g., Nuffer v. Insurance Co. of North America, 236 Cal.App.2d 349, 356, 45 Cal. Rptr. 918, 923 (1965).
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