Supreme Court of New Jersey
Mary Cheng Lin Wang, as Assignee of Ronald Fiori, and Theresa Fiori, His Wife, Richard Fiori, and William D. Franks…
June 26, 1991125 N.J. 2
Summary
The Supreme Court of New Jersey affirmed the Chancery Division’s dismissal of the plaintiff’s claim, holding that under New Jersey common law insurance carriers and their agents have no duty to advise insureds to increase personal liability limits upon policy renewal. The Court declined to address the assignability of the plaintiff’s claims or the effect of the settlement releases.