New Jersey Judge: No Directors & Officers, Businessowners Liability Coverage Owed

Mealey's (August 17, 2021, 12:22 PM EDT) -- HACKENSACK, N.J. — A New Jersey judge on Aug. 6 granted an insurer’s motion for summary judgment in a third-party complaint brought by a property management company, finding that there is no issue of genuine material fact and the language of a businessowners liability coverage form and directors and officers endorsement does not provide coverage for an underlying lawsuit alleging claims for self-dealing, conflicts of interest and mismanagement of fire damages insurance proceeds....