Recently by Thomas S. Novak
Insurance Coverage & Recovery
Watch the Gap: Delegating M&A insurance issues to a broker is risky business
Your company has announced a transaction whereby it will either sell a substantial portion of its assets, merge with or have its stock acquired by another company. As in-house counsel for the seller, you become consumed in responding to due diligence requests by the purchaser, producing customer...
Read MoreWhen Is A Claim Not A Claim? New York Courts Reject Insurers' Restrictive Interpretation Of "Claim" Seeking To Limit The Defense Obligation Of Director & Officer Liability Policies
Director and Officer ("D&O") liability insurance policies usually define "claim" such that all counts of a lawsuit constitute a single claim. D&O policies also contain various exclusions for certain types of claims such as contractual liability, unfair competition, antitrust, professional...
Read MoreNew Jersey Appellate Division Broadly Construes "Ordinance Or Law" Endorsement Of An ISO Property Insurance Policy In Favor Of Coverage
In a ruling sure to be of interest to both corporate and individual policyholders, on October 6, 2009 the New Jersey Supreme Court denied certification of an insurer's petition to appeal a decision by the New Jersey Appellate Division. In a case of first impression in New Jersey, the Appellate...
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