Mealey's (January 27, 2021, 4:12 PM EST) -- TRENTON, N.J. — The New Jersey Supreme Court on Jan. 27 held that a $100 million flood sublimit does not apply to New Jersey Transit Corp.’s water damages that were caused by Superstorm Sandy and, therefore, the insured is entitled to coverage up to the full $400 million policy limits, affirming the lower courts....