Insurer Wins Bid To Exhaust Policy Limit Over Atty Shooting

By Bill Wichert (December 1, 2016, 11:06 PM EST) -- A New Jersey state judge has ruled that an insurer may exhaust a policy to settle claims against a security company over the fatal shooting of an attorney at a mall, even if that settlement does not end claims against the mall's owners.

In a decision made available Thursday, Superior Court Judge Stephanie A. Mitterhoff granted First Specialty Insurance Corp.'s summary judgment motion, finding that the company could exhaust its $2 million policy limit on a settlement over claims against California-based Universal Protection Service LLC in underlying litigation brought by the widow of attorney Dustin Friedland.

"In this case, the court...

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