Supreme Court of Connecticut March 11, 1980 (Burritt Mutual Savings Bank v. Transamerica Insurance)

Peters, J.

This case concerns the liability of an insurance company under a mortgage loss payable clause after the mortgagee’s foreclosure on the insured property. The plaintiff mortgagee, Burritt Mutual Savings Bank, brought an action against the defendant, Transamerica Insurance Company, to recover $15,000, which was the amount of the adjusted value of the loss insured by the defendant.