An unnamed sovereign state, terrorists, or a rebel faction pilfered $10 million through an unauthorized wire transfer, and then unleashed Aurora, Stuxnet, or a yet-to-be named cyber-pestilence on your "supervisory control and data acquisition" (SCADA) systems. When the dust cleared, you had $8 Continue Reading
Cyber Threats Are On the Rise: Are You Covered?
A number of high profile corporate data breaches, mainly in the U.S. retail sector over the last two years, have rapidly led to a major change in enterprise cybersecurity strategy. Information security officers now view risk avoidance as extremely challenging, if not impossible. A traditional Continue Reading
Policyholders Beware: Failure to Give Timely Notice May Void Coverage Even When an Insurer Is Not Prejudiced
The New Jersey Supreme Court recently held that an insurer may disclaim coverage without showing it was prejudiced by a policyholder’s failure to comply with a claims-made policy’s notice provision. In Templo Fuente De Vida Corp. v. National Union Fire Insurance Co., A-No. 074572, slip op. Continue Reading
Can Insurance Help You Pay for Coal-Fired Power Plant Decommissioning?
The environmental remediation costs of decommissioning a coal-fired power plant can be chillingly high—in one proposal we recently reviewed, the environmental costs of a 45-year-old plant with four ash ponds approached $30 million. As more and more rational business actors pull the plug and decide Continue Reading
Hart-Scott-Rodino Thresholds to Increase Effective February 25, 2016
The Federal Trade Commission (“FTC”) has announced revised thresholds under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), that will go into effect on February 25, 2016. The revised thresholds will apply to transactions that close on or after the effective date. Continue Reading
Judicial Pay Raises are Long Overdue
Few would dispute the important role that judges play in our state, and the necessary service they provide to our society. Judges preside over the most significant matters—criminal trials and sentencing, parental terminations, complex business lawsuits and significant civil actions with Continue Reading
New Jersey Property Tax Appeal Time
It is property tax appeal season in New Jersey. If you own or lease commercial, residential and/or investment property in New Jersey, now is the time to review whether you should file a 2016 appeal. If you own real property in New Jersey, by February 1 you will receive a Notice of Continue Reading
Generators of Regulated Medical Waste in New Jersey Must Meet Federal Standards After Preemptions
Generators of regulated medical waste (RMW) in New Jersey may need to revise their handling, marking and storage practices and procedures to meet federal hazardous materials requirements (49 CFR parts 171-180) (the federal HMRs) following an announcement by the U.S. Department of Transportation Continue Reading
It’s That Time Again! Property Tax Appeals in Connecticut: Know When to File
The deadline for appealing Connecticut local property taxes is approaching. For many cities and towns, that date is February 20 unless the town has extended the deadline. If a property owner does not file a tax appeal application by the applicable deadline, the owner may waive the right to appeal Continue Reading
Perspective: What Will Be the Defining Cybersecurity Issues in 2016?
Along with the advent of the electronic age has come an unexpected side effect—a new form of bullying known as “electronic aggression” or “cyberbullying” that poses new coverage issues for policyholders and insurers alike. As may pertain to coverage issues, the Centers for Disease Control and Continue Reading