New Jersey Supreme Court Upholds Co-Insurer's Claim For Contribution Of Costs

New Jersey Supreme Court Upholds Co-Insurer's Claim For Contribution Of Costs

TRENTON, N.J. - An insurer with an obligation to indemnify and defend an insured can bring a direct claim for contribution against its co-insurer for defense costs arising from a continuous property damage lawsuit, the New Jersey Supreme Court ruled Sept. 16, finding that the claim was not extinguished when the insured settled with the co-insurer (Potomac Insurance Company of Illinois, by its transferee, OneBeacon Insurance Co. v. Pennsylvania Manufacturers' Association Insurance Co., et al., No. 070756, N.J. Sup.; 2013 N.J. LEXIS 847).

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