A Manhattan appellate court has ruled that New Jersey law should apply instead of New York law in determining the amount of a company’s excess insurance coverage for defending and paying asbestos-related personal injury claims. The decision of the Appellate Division, 1st Department, last week was based on the premise that the state of an insured company’s “principal place of business takes precedence over the state of incorporation.”
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Posted on Wednesday, October 4th, 2006. Filed under: Law Misc, Litigation
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A Manhattan appellate court has ruled that New Jersey law should apply instead of New York law in determining the amount of a company’s excess insurance coverage for defending and paying asbestos-related personal injury claims. The decision of the Appellate Division, 1st Department, last week was based on the premise that the state of an insured company’s “principal place of business takes precedence over the state of incorporation.”
Popularity: 1% [?]
Posted on Wednesday, October 4th, 2006. Filed under: Business Law, Law Misc
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leave a response, or
trackback from your own site.
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