Brokers Catching Heat For Sandy Coverage Headaches In NJ

Law360, New York (July 3, 2013, 6:32 PM EDT) -- Mounting lawsuits in New Jersey that blame insurance brokers for coverage gaps following Superstorm Sandy could motivate firms to cap their liability through agreements with insureds and better document interactions with customers to guard against negligence claims, attorneys said.

Following denials or smaller-than-expected payments from insurers on Sandy claims, businesses and other entities in storm-impacted areas have accused brokers and agents of botching the procurement of coverage for their properties, especially when it comes to flood risks.

"I anticipate that we're going to see a lot...
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