Consequential Damage Is An ‘Occurrence’ Under Insurance Policy, Panel Says
Mealey's (July 22, 2015, 10:12 AM EDT) -- TRENTON, N.J. — Unintended and unexpected consequential damages caused by faulty work of subcontractors constitute "property damage" and an "occurrence" under commercial general liability insurance policies, a New Jersey appeals panel ruled July 21 (Belmont Condominium Association Inc. v. Arrowpoint Capital Corp., et al., No. A-4187-12T4, N.J. Super., App. Div.; 2015 N.J. Super. Unpub. LEXIS 1749).