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The COVID-19 global pandemic and the resulting efforts to contain it are events of unprecedented scale. New Jersey is among the states seeing the most comprehensive containment measures, including the shuttering of many non-essential businesses or modifying their operations in a manner that impacts their income stream. For instance, as of March 16, 2020, bars and restaurants can no longer offer “dine in” options and can now only operate by takeout or delivery.
In recent years, the US has seen a trend in large-scale litigation pushed forward by the plaintiffs’ bar in the form of class actions, which are often consolidated in state courts or take the form of multi-district litigation (MDL) in the federal court system.
New Jersey’s recent cancellation of a scheduled vote on its Cannabis Regulatory and Expungement Aid Modernization Act, which would have legalized recreational use of marijuana, leaves New Jersey among the states where only medicinal marijuana is legal, for now.
Notice conditions in policies require insureds to provide their insurers with timely notice of a loss or occurrence giving rise to a claim.
With regulatory standards and product safety rules becoming more stringent, companies are required to perform a significant amount of testing to ensure that the products they put into the marketplace are safe for public consumption.
When an insurer receives a time-limit demand to settle a claim for the insured’s policy limits, liability is clear, and the damages clearly exceed the limits, it is a relatively easy decision to pay the limits to the claimant.
In May of 2018, the American Law Institute (ALI) approved a final draft of the Restatement of the Law of Liability Insurance (RLLI), which is the ALI’s first venture into the field of liability insurance. The approval of the RLLI came after eight years of controversy among advocates for insurers and policyholders, and twenty-nine drafts.
On May 22, 2018, the American Law Institute (“ALI”), approved a final draft of the Restatement of the Law of Liability Insurance (“RLLI”), which is the ALI’s first venture into the field of liability insurance.
NJ courts struggle to reach a uniform interpretation of the phrase “Caused, In Whole or In Part, By”
Risk transfer is a crucial component of business relationships in a broad range of industries. Typically accomplished by contract, requiring procurement of additional insured coverage in favor of the transferor is a commonly employed risk transfer mechanism.