The decision could be a cautionary tale for insurance companies about policy language seeking to share liability with entities formed under New Jersey's joint insurance fund statute. (Credit: Studio_East/ Adobe Stock) The decision could be a cautionary tale for insurance companies about policy language seeking to share liability with entities formed under New Jersey's joint insurance fund statute. (Credit: Studio_East/ Adobe Stock)

An insurance company is obligated to pay a nearly $1.2 million wrongful death settlement after the New Jersey Supreme Court ruled that it can't compel a municipal joint insurance fund to contribute.

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Charles Toutant

Charles Toutant is a litigation writer for the New Jersey Law Journal.