NJ High Court Eyes Insurers' Liability In Coverage Deals

Law360, New York (April 30, 2013, 8:24 PM EDT) -- The New Jersey Supreme Court on Tuesday heard oral arguments in its consideration of whether an insurance company that settles a coverage dispute with its policyholder remains liable for contributing to defense costs that another insurer for the same policyholder incurred before the settlement.

New Jersey’s high court heard arguments from attorneys for insurance companies the Pennsylvania Manufacturers’ Association Insurance Co. and OneBeacon Insurance Co. PMAIC appealed a decision upholding an award of $84,000 to OneBeacon to cover a portion of OneBeacon’s costs to indemnify Aristone...
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