Legal Opinion
Wilton v. Cycle Trucking, Inc.
New Jersey Superior Court Appellate Division
Decided November 17, 1987PublishedCited by 2 opinions
1Opinion of the Court
SACHAR, J.S.C.
This matter is on remand from the Appellate Division with respect to whether the Guaranty Association is liable for prejudgment interest in a tort action, or whether the defendant insured is liable for said prejudgment interest.
On April 3, 1986, Midland Insurance Company was declared insolvent, resulting in a 180-day court-ordered stay of the litigation being entered on or about April 3, 1986. As a result of Midland’s insolvency, the mechanism for payment of “covered claims” by the New Jersey Property-Liability Insurance Guaranty Association Act was triggered. N.J.S.A. 17:30A-1…
2Cases cited26 opinions
- Busik v. LevineSupreme Court of New Jersey · 1973
- Bak-A-Lum Corp. of America v. Alcoa Building Products, Inc.Supreme Court of New Jersey · 1976
- Two Guys From Harrison, Inc. v. FurmanSupreme Court of New Jersey · 1960
- Safeway Trails, Inc. v. FurmanSupreme Court of New Jersey · 1964
- Ellmex Const. Co., Inc. v. Republic Ins. Co.New Jersey Superior Court Appellate Division · 1985
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3Cited by2 opinions
- G-I Holdings, Inc. v. Reliance Insurance (In Re G-I Holdings, Inc.)United States Bankruptcy Court, D. New Jersey · 2002
- Wilton v. Cycle Trucking, Inc.New Jersey Superior Court Appellate Division · 1989