Isabelle Riccio, as General Administratrix and Administratrix Ad Prosequendum of the Estate of Donna E. Riccio, an…

Summary

The Supreme Court of New Jersey affirmed the Appellate Division’s award of $4,500 to Prudential, holding that the uninsured‑motorist carrier may apply a pro tanto set‑off for the full amount paid by the liability insurer and the other UM carrier, rather than a pro rata credit. The Court reasoned that the policy language, statutory purpose, and prior precedent support a pro tanto credit and that allowing a double recovery would contravene public policy.