Year:
2017
Court:
New Jersey Supreme Court
Case Number:
A-1071-13T1, A-1100-13Tl
Issue:
- Allocation
- Unavailability of Insurance
State:
- New Jersey
Under the seminal case of Owens-Illinois v. United Ins. Co., the New Jersey Supreme Court held that under the Keane rule, a policyholder’s entire liability can be allocated to a single triggered policy. The policyholder can only assume the portion of the risk for which…