N.J. Panel Partly Reverses Ruling, Vacates $935,063 Awarded To Insured’s Assignee

(June 2, 2023, 11:17 AM EDT) -- TRENTON, N.J. — A New Jersey appeals panel affirmed a lower court’s ruling that a commercial automobile insurance policy’s care, custody and control exclusion does not apply to bar coverage because an insured “lacked possessory dominion over the damaged concrete batch and warehouse floor” but reversed the lower court’s finding that the policy’s handling of property and completed operations exclusions are not applicable, finding that the insured completed its delivery of the aggregate before the damages occurred....