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

IL Condominium Property Act Unaffected After Governor Vetoes Bill

HB 2644 (Rep. Cassidy), would have amended former Section 18.8 “Common Elements; rights of board” of the Illinois Condominium Property

Texas HOA Law – 2013 Legislative Update

On May 27, 2013, the Texas Legislature concluded the 2013 legislative session. Unlike the 2011 legislative session, in which the

Report suggests more staff, technology for homeowner-association review board (MD)

A new report has found that a county commission that oversees issues involving homeowner associations generally works well, but could