Railroad Roofing & Building Supply Co., Inc., a New Jersey Corporation, Plaintiff-Respondent v. Financial Fire &…

Summary

The Supreme Court of New Jersey reversed the Appellate Division and reinstated the trial courts, holding that the New Jersey Property‑Liability Insurance Guaranty Association Act does not extend coverage to claims against out‑of‑state surplus lines insurers that became insolvent prior to the 1980 amendment. The Court based its decision on the statutory definitions and legislative intent indicating surplus lines carriers were expressly excluded.