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Supreme Court Ruling in Integrity Is 'Absolute' for Reinsurers

In a ruling that affects both insurance and reinsurance companies as well as policy-holders of insolvent insurers subject to the New Jersey's Insurer Liquidation Act, the New Jersey Supreme Court, in a 3-2 decision in a case of first impression, definitively excluded contingent claims that are 'incurred but not reported' from sharing in the distribution of assets of an insolvent insurer.

19 minute read June 27, 2008 at 11:12 AM
By
Dennis M. Reznick And Peter M. Dunne
Supreme Court Ruling in Integrity Is 'Absolute' for Reinsurers

In a ruling that affects both insurance and reinsurance companies as well as policy-holders of insolvent insurers subject to the New Jersey's Insurer Liquidation Act N.J.S.A. 17:30C-1 et seq.

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