Thomas S. Novak

Firm(s):

Sills Cummis & Gross P.C.

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Articles:

Watch the Gap: Delegating M&A insurance issues to a broker is risky business

Friday, May 1, 2015
When Is A Claim Not A Claim? New York Courts Reject Insurers' Restrictive Interpretation Of "Claim" Seeking To Limit The Defense Obligation Of Director & Officer Liability Policies

Monday, August 2, 2010

Director and Officer ("D&O") liability insurance policies usually define "claim" such that all counts of a lawsuit constitute a single claim. D&O policies also contain various exclusions for certain types of claims such as contractual liability, unfair competition, antitrust, professional liability and others.
New Jersey Appellate Division Broadly Construes "Ordinance Or Law" Endorsement Of An ISO Property Insurance Policy In Favor Of Coverage

Tuesday, December 1, 2009

In a ruling sure to be of interest to both corporate and individual policyholders, on October 6, 2009 the New Jersey Supreme Court denied certification of an insurer's petition to appeal a decision by the New Jersey Appellate Division. In a case of first impression in New Jersey, the Appellate Division broadly interpretedthe "Ordinance or Law"("O/L")...