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>Just When You Thought You Understood New Jersey Allocation Law: Implications, Limitations, and Complications in Applying Farmers Mutual Fire Ins. Co. of Salem v. New Jersey Property-Liability Ins. Guar. Ass'n
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Just When You Thought You Understood New Jersey Allocation Law: Implications, Limitations, and Complications in Applying Farmers Mutual Fire Ins. Co. of Salem v. New Jersey Property-Liability Ins. Guar. Ass'n
The New Jersey Supreme Court's recent decision in Farmers Mutual Fire Insurance Company of Salem v. New Jersey Property-Liability Insurance Guaranty Association holding that a 2004 statutory amendment requires all solvent triggered liability policies be exhausted before the Guaranty Association pays statutory benefits for an insolvent's share has created many uncertainties in allocating long-tail liabilities. This article discusses the implications and the significant limitations of the Farmers Mutual decision and the questions it leaves unanswered, and responds to arguments that the decision supports revisiting other situations where New Jersey's Owens-Illinois methodology allocates losses to the insured.
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机译：新泽西州最高法院最近在Salem的Farmers Mutual Fire Insurance Company诉New Jersey财产责任保险担保协会一案中裁定，2004年的法律修正案要求在担保协会为破产者的股份支付法定利益之前，必须用尽所有由破产触发的责任险政策。在分配长尾债务时产生了许多不确定性。本文讨论了“农民共同裁决”的含义和重大局限性以及未解决的问题，并回答了该裁决支持重新审视新泽西州欧文斯-伊利诺伊州方法将损失分配给被保险人的其他情况的论点。
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