NJ High Court To Decide Coverage Settlement Liability

Law360, New York (September 11, 2012, 6:49 PM EDT) -- The New Jersey Supreme Court is set to consider 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 party incurred before the settlement.

In a decision posted Monday, the state's high court granted the certification bid of Pennsylvania Manufacturers Association Insurance Co., which is fighting court decisions that it must reimburse OneBeacon Insurance Co. for $84,000 in defense costs that OneBeacon incurred while defending Aristone Inc., a common insured, in...
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