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 full case alert.
Mar 21, 2016
Stella Szantova Giordano