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Gaps in Coverage After <i>Farmers Mutual </i>

Recently, the New Jersey Supreme Court addressed the question of the role of a state insurance guaranty fund within a pro rata allocation scheme. The court's opinion has called into question New Jersey's approach to allocation more generally.

31 minute read September 01, 2014 at 01:43 PM
By
Robert D. Goodman And Miranda H. Turner
Gaps in Coverage After <i>Farmers Mutual </i>

In two state supreme court decisions in the 1990s, New Jersey adopted a version of pro rata allocation in so-called “continuous trigger” cases. Carter-Wallace, Inc. v. Admiral Ins. Co., 712 A.2d 1116, 1123 (N.J. 1998); Owens-Illinois, Inc. v.

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