Management Company’s Claims Must Be Arbitrated Under Policies’ Provision

(July 20, 2022, 10:24 AM EDT) -- TRENTON, N.J. — Although a New Jersey appellate court properly determined that the state’s direct action statute applies to a condominium management company’s claims against the insurer of two firms ordered to pay judgments in an underlying construction defects lawsuit, based on the plain language of New Jersey Statutes Annotated Section 17:28-2, the management company’s claims against the insurer are derivative and are subject to the arbitration provisions included in insurance policies issued to the firms, the New Jersey Supreme Court ruled July 18 in reversing and remanding....

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