Fraud Exclusion Bars Coverage For $1.6M Judgment Against Insured, Judge Rules

Mealey's (February 28, 2019, 12:44 PM EST) -- TRENTON, N.J. — A New Jersey federal judge on Feb. 27 ruled in favor of an insurer in a lawsuit seeking coverage for a $1.6 million consent judgment against its insured arising from an underlying fraud lawsuit involving mortgage loans (JP Morgan Chase Bank, N.A. v. Scottsdale Insurance Company, No. 17-2797, D. N.J., 2019 U.S. Dist. LEXIS 31433)....