NJ High Court Urged To Prospectively Apply Step-Downs

Law360, New York (October 07, 2013, 10:51 PM ET) -- An attorney for New Jersey Manufacturers Insurance Co. on Monday urged the New Jersey Supreme Court against retroactively applying a legislative amendment prohibiting the use of “step-down” provisions in commercial auto policies, rebutting a justice’s implication that insurance companies are “gaming the system.”

Daniel J. Pomeroy of Pomeroy Heller & Ley LLC argued on behalf of NJMIC, which brought its case to the high court after an appellate panel reversed a summary judgment awarded to it in a suit brought by Nowell and Maryann James, who...
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