New Jersey Judge: $100M Flood Sublimit Does Not Apply In Superstorm Sandy Dispute

Mealey's (September 21, 2017, 9:21 AM EDT) -- NEWARK, N.J. — A New Jersey judge held Aug. 24 that a $100 million flood sublimit does not apply to an insured’s water damages that were caused by the named windstorm Superstorm Sandy, ruling against excess insurers (New Jersey Transit Corp. v.  Certain Underwriters at Lloyd's London, et al., No. ESX-L-006977-14, N.J. Super., Essex Co., Law Div.)....

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