New Jersey Supreme Court Gives Supreme Win to Policyholders

Yesterday, the Supreme Court of New Jersey unanimously affirmed the Appellate Division’s holding that consequential damages caused by a subcontractor’s faulty workmanship constitute “property damage” and an “occurrence” under the 1986 Insurance Services Office, Inc. (“ISO”) form commercial general liability (“CGL”) insurance policy. This holding is welcome news to real estate developers, general contractors, and commercial policyholders who may seek coverage for damage caused by the faulty work of their subcontractors.    Read the article…………………..


Related Articles

Does Your Community Association Need a Drone Policy?

As drone technology advances and the number of drones in the air increases, managers and board members in community associations

ARRL President Issues Call to Action to Gain Support for HR.4969 Amateur Radio Parity Act!

If the measure passes the 113th Congress, it would require the FCC to amend the Part 97 Amateur Service rules

Nevada Supreme Court Strikes Significant Blow Against HOA Super-Priority Foreclosure-Sale Purchasers

In September 2014, the Nevada Supreme Court held that an HOA could foreclose on its nominal super-priority lien and extinguish