No need for faulty work cover invoice, say Attys for insurers

By Shawn Rice (February 18, 2022, 6:15 PM EST) – A New Jersey Assembly bill would require insurers to specify how general liability insurance policies cover builder manufacturing defects, but attorneys of carriers describe this bill as a solution in search of a problem, as the state’s highest court made a landmark decision years ago on the issue of coverage.

A bill introduced in the New Jersey Legislature last month would codify a 2016 state High Court ruling over subcontractor manufacturing defects, but some lawyers say the legislation could lead to an increase insurance premiums for builders. (AP Photo/Tony Gutierrez, File)

Insurance experts disagree on the need for NJ A1075, which…

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