Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
MacArthur of York Insurance Services Named N.J. Entrepreneur of Year
Jul 12 2005 // Tom MacArthur, chairman and chief executive officer of York Insurance Services Group, Inc., was named winner of the Ernst & Young Entrepreneur Of The Year 2005 award in the New Jersey region in the business services...
Insurers Balk as N.J. Gov. Codey Signs Bill Restoring Consumer Advocate
Jul 12 2005 // New Jersey Acting Governor Richard J. Codey today signed into law a bill that restores the Department of the Public Advocate as a government watchdog to act on citizen complaints on insurance, utilities and other issues....
N.J. Wife, Husband Charged in Auto PIP Fraud Case
Jul 12 2005 // New Jersey Division of Criminal Justice Director Vaughn McKoy announced that the Office of Insurance Fraud Prosecutor has obtained an indictment charging a Passaic County couple with insurance fraud for their roles in an...
Industry Fears ‘Serious Impact’ on Auto Market of N.J. Court Ruling
Jul 4 2005 // A New Jersey Supreme Court decision handed down last month that eliminates a “serious life impact” test under the auto insurance verbal threshold will dramatically increase automobile insurance losses and rates...
N.J. House Proposing Business Tax for Insurers; PCI Expresses Concerns
Jun 29 2005 // The Property Casualty Insurers Association of America (PCI) said Wednesday it is concerned with the New Jersey Assembly’s consideration of A-4401, legislation to impose a possible corporate business tax on insurers...
N.J. Surplus Lines Board Names Nelson as Executive Director
Jun 22 2005 // The New Jersey Surplus Lines Association board of directors announced the hiring of Vicky Nelson as the association’s new executive director. She replaces Margaret Raphael who officially exited the post in...
News Briefs
Jun 20 2005 // MASSACHUSETTS CAR NAMES COMMERCIAL CARRIERS: Commonwealth Auto Reinsurers has advanced its new commercial auto limited servicing carrier program by selecting the six carriers that will service this residual market business...
New Jersey, Massachusetts Reforms Help Open Up Auto Coverage
Jun 20 2005 // Efforts to improve auto insurance markets in New Jersey and Massachusetts, two of the worst states in which to write auto coverage, have yielded several important conclusions. One of the most important is the realization...
Actuary Calculates High Cost of N.J. ‘Serious Impact’ Auto Ruling
Jun 15 2005 // A New Jersey Supreme Court decision handed down June 14 that eliminates a “serious impact” test under the auto insurance verbal threshold will dramatically increase automobile insurance losses and rates in that...
Insurers Claim N.J. Supreme Court Ruling is Setback for Auto Market
Jun 14 2005 // Insurance companies are blasting a decision by the New Jersey Supreme Court that they say undermines ongoing efforts to revive the private auto insurance market in the state and jeopardizes cost savings promised to...
N.J. Auto Agency Makes Drive for Success in Paterson
Jun 10 2005 // New Jersey Banking and Insurance Acting Commissioner Donald Bryan on Friday pointed to recent auto insurance reforms and a newly competitive marketplace for improving affordability and accessibility of insurance in urban...
Agents in N.J. Better Off Than in Other States, PIA Leader Tells Group
Jun 9 2005 // Newly elected president of the Professional Insurance Agents of New Jersey Inc., John A. Latimer, Esq., told agents they face many challenges in New Jersey in the near and distant future, but that they may be better off...
AUTO INSURANCE SAVINGS TALLIED:
Jun 6 2005 // New Jersey Banking and Insurance Acting Commissioner Donald Bryan recently reported that during the last two years 64 percent of auto insurance policyholders have received rate reductions or special dividends. Since the...
News Briefs
Jun 6 2005 // MASSACHUSETTS Workers Comp Rates Up 3%: Massachusetts Insurance Commissioner Julianne Bowler has approved a 3.0 percent overall average rate reduction in workers’ compensation rates, a savings of $32.6 million in...
Insurers Move to Block N.Y.-N.J. Port Authority $2.1B Claim From 9-11
Jun 3 2005 // Responding to a new claim by the Port Authority of New York and New Jersey that it is separately insured for a $2.1 billion “shortfall” in Silverstein property insurance following the Sept. 11, 2001 terrorist...
N.J. Insurance Fraud Unit Itself Target of Probe Over Employee Payroll
May 31 2005 // New Jersey’s award-winning office created to root out insurance fraud is under scrutiny itself, with the state auditor probing allegations the insurance industry was billed about $4 million for employees who never...
N.J. Bank-Owned Agency to Give Reward Points to Insureds
May 27 2005 // Commerce Insurance Services, a wholly owned subsidiary of Commerce Bancorp based in Cherry Hill, N.J., has unveiled a new Visa Extras rewards program for its personal insurance customers in New Jersey. Customers will...
N.J. Drivers Geared Towards More Savings in 2005
May 25 2005 // New Jersey Banking and Insurance Acting Commissioner Donald Bryan recently announced that during the last two years 64 percent of auto insurance policyholders have received rate reductions or special dividends. Since the...
State Laws Vary on Driving Distractions
May 23 2005 // New Hampshire is the only state that doesn’t require adult motorists to wear seat belts, but it does ticket drivers for eating, drinking, talking on a cell phone or fussing with their makeup while behind the...
N.J. Ruling Clears Way for Loss of Consortium Claims by Gay Couples
May 23 2005 // A judge’s ruling that a same-sex couple can sue for a loss of consortium could expand rights for gays in New Jersey. Superior Court Judge James S. Rothschild Jr. ruled that Judith Peterson and Linda Henry of Fair...
