A group of owners of hurricane-damaged homes have brought a putative class action in federal court in Newark, arguing that their flood insurance carriers are short-changing them by calling their first floors “basements”. The case is Donnelly v. New Jersey Re-Insurance Co., Docket No. 12-cv-7629, and was filed by Union City solo Jeffrey Bronster.
December 2012
Insurance brokers and malpractice
By Gene Killian on
Posted in Brokers and agents, Professional Liability
New York’s highest court issued an interesting decision last week on the professional duties of insurance brokers. This is a topic of renewed interest following Sandy, as I’m sure that more than a few policyholders will claim that their brokers provided them with insufficient coverage to weather the storm (pun intended). I know, for example…