On August 4, 2016, the New Jersey Supreme Court issued a unanimous decision in a case regarding insurance coverage that could have lasting impact on developers, contractors, and subcontractors. In Cyprus Point Condo. Ass’n, Inc. v. Towers, 2016 N.J. LEXIS 847 (Aug. 4, 2016), the Supreme Court ruled that under a property developer’s commercial general liability (“CGL”) insurance policy, a subcontractor’s faulty workmanship constituted “property damage” and the event resulting from that damage — water from rain flowing into the interior of the property — was an “occurrence” under the policy so the loss was covered. Read the article……………
Where a litigant is otherwise entitled to injunctive relief, the fact that a declaratory judgment…
A board member at a 10-unit Harlem co-op has a problem and a question. The…
The Snowmass Village planning commission will recommend against a request by several condominium associations to…
The Ocean Grove Camp Meeting Association, which governs much of life in a place that…
Each year, condominium associations work to obtain insurance at reasonable rates in an effort to…
Agroup of homes directly within feet of a New Jersey bay can now manage the…