Consequential Damages Are ‘Property Damage’ Under Insurance Policies, Panel Says

Mealey's (July 23, 2015, 12:01 PM EDT) -- TRENTON, N.J. — The unintended and unexpected consequential damages caused by subcontractors' defective work constitute "property damage" and an "occurrence" under commercial general liability insurance policies, a New Jersey appeals panel ruled July 9 (Cypress Point Condominium Association Inc. v. Adria Towers LLC, et al., No. A-2767-13T1, N.J. Super. App. Div.; 2015 N.J. Super. LEXIS 114)....

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