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TRICO MORTG. CO., INC. v. PENN TITLE INS. CO.

281 N.J. Super. 341 (1995)

657 A.2d 890

TRICO MORTGAGE COMPANY, INC., PLAINTIFF-RESPONDENT, v. PENN TITLE INSURANCE COMPANY, DEFENDANT-APPELLANT, AND ASSURED SEARCH AND ABSTRACT COMPANY, INC., DEFENDANT.

Superior Court of New Jersey, Appellate Division.

Decided May 5, 1995.

Attorney(s) appearing for the Case

Thomas W. Sweet argued the cause for appellant (Levinson, Axelrod, Wheaton & Grayzel, attorneys; Mr. Sweet, of counsel and on the brief).

James Greenberg argued the cause for respondent (Greenberg, Shmerelson, Weinroth & Miller, attorneys; Mr. Greenberg, of counsel and on the brief).

Before Judges DREIER, VILLANUEVA and BRAITHWAITE.

The opinion of the court was delivered by VILLANUEVA, J.A.D.

Defendant Penn Title Insurance Company appeals from a judgment of $115,976.42, together with interest, entered against it. The judgment was based upon a mortgagee title insurance policy it issued to plaintiff Trico Mortgage Company, Inc. We affirm the liability but remand for modification of interest.

Ante Kojic, a Yugoslavian immigrant, worked as a painter until 1969 when he sustained a serious...

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