N.J. Court Denies Attorney’s Plea To Reform Professional Liability Insurance Policy

Mealey's (June 9, 2021, 2:11 PM EDT) -- TRENTON, N.J. — A New Jersey appeals court on June 9 rejected an attorney insured’s contention that a professional liability insurance policy must be reformed because it failed to comply with the requirements of New Jersey Rule of Court 1:21-1B(a)(4), affirming a lower court’s summary judgment ruling in favor of the insurer in a coverage dispute over approximately $800,000 in client funds that were allegedly misappropriated by a paralegal....