Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
MIIX Reports $45.4 Million Q1 Loss as It Strengthens Reserves Prior to Runoff
May 7 2002 // MIIX Group, the troubled New Jersey-based medical professional liability insurer, announced a loss for the first quarter ended March 31, 2002, of $45.4 million, or $3.38 per share,”resulting primarily from...
John D’Agostino to represent PIANJ on DOBI Auto Reform Committee
Apr 18 2002 // The Professional Insurance Agents of New Jersey Inc. announced that vice president, John D’Agostino, will represent the association on the New Jersey Department of Banking and Insurance’s (DOBI) working group...
PIANJ Applauds Surplus Lines Proposals
Apr 17 2002 // The Professional Insurance Agents of New Jersey has commended the New Jersey Department of Banking and Insurance (DOBI) for proposing standards and procedures for surplus lines insurance procurement. In a letter sent last...
NJ Industry and Consumer Groups Launch Campaign for Auto Insurance Reform
Apr 9 2002 // Insurance industry and consumer groups have joined together to launch an extensive advertising campaign aimed at building support for their efforts to bring about reforms in New Jersey’s automobile insurance...
Brown Brown Acquires NJ’s Turner Agency
Apr 9 2002 // Regional Executive VP of Brown & Brown, Inc. Thomas E. Riley and Robert J. Turner, President of RJT, Inc. of Parsippany and Freehold, NJ, doing business as The Turner Group, announced that a New Jersey subsidiary of...
NY, NJ, Conn. Med Mal Premium Costs on the Rise
Mar 27 2002 // Pennsylvania isn’t the only Eastern State to experience precipitate increases in the cost of medical malpractice insurance. A report in the New York Times reveals premium increases of between 10 and 40 percent in...
Rutgers Study Finds NJ Auto Insurance Laws Fundamentally Flawed
Mar 20 2002 // A study by John D. Worrall, professor and chair of economics at Rutgers University – Camden, concludes that “New Jersey’s auto insurance laws are fundamentally flawed, guaranteeing an inefficient and...
Gallagher Acquires Conn., NJ Brokers
Mar 14 2002 // International broker and risk manager Arthur J. Gallagher & Co. announced that it has completed the acquisition of Life Plans Unlimited, Inc. of Fairfield, Connecticut and Tom Sherwin Insurance Agency of Haddonfield,...
Proposed N.J. Regulation Offers Relief on Excess Profit Rule
Mar 11 2002 // The New Jersey Department of Banking and Insurance is proposing a regulation (PRN2002-103) that would change the way insurers calculate profits on personal automobile insurance. New Jersey statutes establish a reasonable...
NAII Says Court Ruling Victory for N.J. Auto Reform
Mar 8 2002 // The New Jersey Appellate Court’s March 4, 2002 decision to uphold the pre-certification medical guidelines of the Auto Insurance Cost Reduction Act of 1998 (AICRA) is a positive step in promoting true auto reform,...
James Tignanelli Named to Head Prudential’s NJ P/C Operations
Feb 12 2002 // James A.Tignanelli will take over as head of Prudential New Jersey’s property/ casualty business, following his appointment as president of The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC...
OneBeacon Strengthens Management Team in NY/NJ Metro Region
Feb 5 2002 // Boston-based OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. announced the appointment of two new members to its field management team. Both will report to John Cavoores,...
NJ Grants Mold Exclusion for Surplus Lines
Jan 21 2002 // Reversing an earlier decision, New Jersey’s Department of Banking and Insurance announced that it will allow the exclusion of coverage for toxic mold from policies offered by the State’s surplus lines...
Hartford Sues NJ Auto Fraud Ring
Jan 15 2002 // The Hartford has filed a civil action in Morris County State Court against 27 New Jersey residents, charging that they conspired to stage motor vehicle accidents and fake injuries to generate hundreds of thousands of...
To Sell or Not to Sell: Bank-Owned Insurance Agencies My Be Wave of the Future
Jan 14 2002 // As far back as anyone now in the insurance business can remember, agents were fighting against allowing banks to sell insurance. That changed in 1996 when the U.S. Supreme Court decided that national banks selling...
To Sell or Not to Sell,Bank-Owned Insurance Agencies May Be Wave of the Future
Jan 14 2002 // As far back as anyone now in the insurance business can remember, agents were fighting against allowing banks to sell insurance. That changed in 1996 when the U.S. Supreme Court decided that national banks selling...
ProMutual Opens NJ Claims Office
Jan 8 2002 // ProMutual Group, a leading provider of medical malpractice insurance in New England, announced that it has opened a local claims office in Morristown, New Jersey, headed by Cheryl M. DeKleine. Richard W. Brewer, president...
AIIC NJ, Regulators Reach Compromise, Withdrawal Plan Suspended
Dec 20 2001 // American International Insurance Company of New Jersey (AIIC NJ), a subsidiary of American International Group, announced that it has reached an agreement with the State of New Jersey Department of Banking and Insurance...
Top 10 Stories of 2001
Dec 17 2001 // Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings hope—for a rebirth,...
Preserver’s Motor Club Relieved of Compliance with NJ Assigned Risk Laws
Dec 10 2001 // The Preserver Group, which operates New Jersey insurer Motor Club of America, announced that the State’s Department of Banking and Insurance had granted the company’s request for further relief from the...
