Category: Directors & Officers

New Jersey Adopts a “No Prejudice” Rule for Sophisticated Insureds Under “Claims Made” PoliciesMar 21, 2016

If you are a sophisticated business with a claims-made policy, there is a case you should be aware of. Last month, New Jersey adopted a new rule regarding late notice by an insured. In summary, the “no prejudice” rule states that the insurance company does not have to show that it has been prejudiced by the insured’s late notice before it can deny coverage. For full details, please read the…

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