Based on the principle that a broker's duty owed to insured parties is also owed to other loss payees who, although not in privity with the broker, are within the zone of harm emanating from its activities, having found here that it was foreseeable that the insurance company would have relied on the broker's conduct in procuring a surety bond in the event the insured failed to meet its deductible, under New Jersey law the broker owes a duty of care to the insurer.
August 30, 2004 at 12:00 AM
1 minute read
Presented by BigVoodoo
New Jersey Law Journal honors lawyers leaving a mark on the legal community in New Jersey with their dedication to the profession.
This conference aims to help insurers and litigators better manage complex claims and litigation.
Recognizing innovation in the legal technology sector for working on precedent-setting, game-changing projects and initiatives.
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