Jefferson Insurance v. Travelers Insurance

Plaintiff, Jefferson Insurance Company, appeals a superior court judgment denying its claim against defendant, Travelers Insurance Company, to readjust the shares of a settlement award the companies paid to a party in litigation against their insured. Plaintiff asserts error by the trial court in denying its claim for relief and allowing reformation of the contract between defendant and the insured, the Town of Weathersfield, to exclude liability coverage for the Town’s ambulance service. We hold that plaintiff, having agreed on a settlement and paid an amount within its policy limit without…