June 21, 2013
A New Jersey federal judge on Thursday signed off on a stipulation that for now tosses class action allegations in a lawsuit accusing a slew of insurers of wrongly rejecting flood victims' insurance claims following Hurricane Irene and Superstorm Sandy, leaving one insurer to face individual claims.
March 22, 2013
A group of insurers urged a New Jersey judge on Friday to toss a proposed class action saying they improperly denied flood victims' insurance claims following hurricanes Irene and Sandy based on a disputed definition of what constitutes a property's "basement."
February 05, 2013
Scores of insurers are facing New Jersey class claims alleging they misinterpreted the definition of "basement" in flood policies to shut out coverage for property damage from Superstorm Sandy and Hurricane Irene, but attorneys expect the battle to be short-lived because the carriers have legal precedent on their side.