NJ Court Backs Primary Insurer In Interest Coverage Fight

Law360, New York (July 10, 2012, 6:20 PM EDT) -- Tackling a dispute among primary and excess insurers over prejudgment interest from a wrongful death suit, a New Jersey appeals court ruled Tuesday that primary insurer New Jersey Manufacturers Insurance Co. isn't responsible for $580,322 in such interest based on a policy provision related to supplementary payments.

Hit with a damages verdict of more than $1.6 million in the underlying action, Grinnell Haulers had $1 million in primary insurance with NJM and an excess policy with National Casualty Co. that provided an additional $4 million in...
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