The Guaranty Association Is The Insurer Of The Last Resort Requiring Claimants To First Exhaust The Policy Limits Of Solvent Insurance Companies

Recently, on September 24, 2013, the New Jersey Supreme Court issued a unanimous opinion in Farmers Mut. Fire Ins. Co. of Salem v. N.J. Property-Liability Ins. Guar. Ass’n, Docket No. A-42-11,  holding that in a continuous-trigger case, where an insolvent carrier along with a solvent carrier is required to pay the costs of the personal [...]