Assignees Lack Standing, Failed To Prove Bad Faith, New Jersey Federal Judge Says

(March 22, 2016, 11:32 AM EDT) -- CAMDEN, N.J. — A New Jersey federal judge on March 15 granted an insurer’s motion to dismiss claims of bad faith and violations of the New Jersey Consumer Fraud Act and the New Jersey Unfair Claims Settlement Practice Act after determining that the assignees of the insureds do not have standing to allege the claims and failed to prove that the insurer unreasonably denied coverage for damages arising out of an underground storage tank leak (Nationwide Mutual Insurance Co., et al. v. Paul Caris, et al.,...
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