A lawsuit filed by New Jersey officials against an insurance company will not affect payment of a settlement to the families of three college-bound friends who were murdered in a Newark schoolyard in 2007.
The Star-Ledger of Newark reports the state will pay its $3 million share of a $5 million settlement to the plaintiffs and seek reimbursement from the Star Insurance Company.
The attorney general’s office filed suit against the insurer in December, claiming breach of contract for the company’s refusal to cover the state Department of Education in the case.
The state agency is responsible for $3 million and the Newark school district is liable for $2 million, according to a settlement reached last week. The state has oversight of the Newark schools. Neither defendant admitted liability.
Topics New Jersey
Was this article valuable?
Here are more articles you may enjoy.
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
Experian Launches Insurance Marketplace App on ChatGPT 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
