Tag: Insurance
Appellate Division Holds Insurance Carrier Failed to Prove Proper Cancellation of Policy
It remains very difficult for New Jersey insurers to cancel policies in workers’ compensation. Strict compliance with N.J.S.A. 34:15-81 is required because the state’s policy favors continuation of insurance coverage. The decision in Pierson v. Travelers Indemnity Company, A-3838-19T2 (App. Div. December 7, 2020) illustrates the specific problem of cancellation related to non-payment of an […]
Comp Insurers Remain Concerned over the Expiration of the Terrorism Risk Insurance Act (TRIA)
We live in a world where terrorism unfortunately poses genuine insurance risks. The Terrorism Risk Insurance Act (TRIA) was passed by President George W. Bush on November 26, 2002 to establish a backstop for insurance claims arising from acts of terrorism. This coverage includes workers’ compensation claims. Before September 11, 2001, insurance companies generally did not […]
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