NJ Limits Insurer Cancellation Of Med Malpractice Coverage
February 21, 2014, 5:54 PM EST
Law360, New York (February 21, 2014, 5:54 PM EST) -- In a precedential opinion filed on Jan. 22, 2014, in DeMarco v. Stoddard, the intermediate appellate court of the New Jersey Superior Court ruled that a malpractice insurer could not deny coverage for an insured who had made material misrepresentations in obtaining his insurance policy. This is the first published opinion in New Jersey addressing broadly the implications of the mandatory nature of medical malpractice insurance in the state.
While physicians have long obtained professional liability insurance coverage as a matter of prudent financial planning, such...