An employee of the insured's warehouse stole over 500 cylinders of Freon from a warehouse customer during a period of six months. Does this constitute one or multiple occurrences for the purpose of assessing the property damage deductible(s)? Under our general liability policy, "occurrence" means an accident, including continuous or repeated exposure to substantially the same general conditions.

The insured and customer did an inventory and found minor shortages, then six months later during a second inventory found major shortages. We feel at least two deductibles apply. Do you agree?

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