Mealey's Banking & Finance - N.J. Panel Affirms Ruling In Insurer's Favor In Suit Over Failed Mortgage Deal

Mealey's Banking & Finance - N.J. Panel Affirms Ruling In Insurer's Favor In Suit Over Failed Mortgage Deal

TRENTON, N.J. - A New Jersey appeals panel on June 6 affirmed a lower court's ruling that an insured failed to provide timely notice of an underlying breach of contract claim stemming from a failed real estate transaction and, therefore, coverage is barred (Templo Feunte De Vida Corp., et al. v. National Union Fire Insurance Company of Pittsburgh, P.A., No., A-4516-12T1, N.J. Super., App. Div.; 2014 N.J. Super. Unpub. LEXIS 1303).

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