Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
Best Affirms Allstate New Jersey ‘A-‘ Ratings; Outlook Stable
Dec 23 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Allstate New Jersey Insurance Group and its members. The outlook for all...
Marsh & McLennan Agency Buys New Jersey’s NIA Group
Dec 22 2009 // Marsh & McLennan Agency has acquired The NIA Group, one of the largest independent insurance agencies in the Northeast. Terms of the deal were not released. Paramus, New Jersey-based NIA, founded in 1926, has annual...
2009 P/C Insurance Mergers, Acquisitions Large and Small
Dec 20 2009 // Large insurers AIG, Farmers and The Hartford made moves in 2009, as did large brokers Marsh, Aon, Willis, Gallagher, Brown & Brown, Hub and Wells Fargo. So, too, did, many regional insurers and Main Street agencies....
New Jersey Supreme Court Upholds Fee Schedule for PIP Claims
Dec 6 2009 // The New Jersey Supreme Court has ruled the state’s insurance regulator can implement a medical fee schedule for treatments covered by Personal Injury Protection (PIP). The decision upholds an August decision by a...
People
Dec 6 2009 // Swett & Crawford has hired Carmela Noto as a broker in the insurance wholesaler’s Morristown, New Jersey office. Noto has long-term experience in marketing and managing commercial insurance portfolios and spent...
New Jersey’s Camden Borrows $1.2 Million to Pay Bias Settlement
Dec 4 2009 // Camden, New Jersey officials have decided to borrow nearly $1.2 million to pay a settlement that covers racial discrimination claims brought by two deputy fire chiefs. The City Council approved plans for a $1.175 million...
New Jersey Car Insurance Prices Down But Still Rank Second Highest
Dec 3 2009 // New Jersey is No. 2 when it comes to the nation’s highest auto insurance rates. Data in the National Association of Association of Insurance Commissioners’ annual report shows the average Garden State resident...
Buono Joins New Day Underwriting in New Jersey
Dec 3 2009 // New Jersey-based New Day Underwriting Managers LLC, an environmental and construction-related professional liability broker, has added Joseph Buono as an account manager. Buono joins New Day Underwriting from Protector...
New Jersey Township Faulted for Denying Private Insurer Contract
Dec 3 2009 // A New Jersey municipality cost taxpayers hundreds of thousands of dollars by awarding an insurance contract to a favored public insurance fund over the low-bid private insurer, a state audit claims. A report released by...
New Jersey City Considers Billing Insurers for Fire Calls
Dec 2 2009 // One New Jersey city is considering billing insurance companies for fire department services. Passaic Mayor Alex Blanco is proposing insurers pay $500 for residential fire calls and $25,000 for fires in commercial...
New Jersey Supreme Court Upholds Fee Schedule for PIP Claims
Nov 24 2009 // The New Jersey Supreme Court has ruled the state’s insurance regulator can implement a medical fee schedule for treatments covered by Personal Injury Protection (PIP). The decision upholds an August decision by a...
Franklin Mutual Offers InsurCard Program in New Jersey
Nov 18 2009 // Homeowners policyholders of New Jersey’s Franklin Mutual Insurance will have access to a debit card-style program that allows them to more quickly pay claims on their policy. The card, known as InsurCard, is a...
Marsh & McLennan Settles Pension Plans’ Suit for $400 Million
Nov 16 2009 // Insurance broker Marsh & McLennan Cos. Inc. will pay $400 million as part of a class action settlement filed five years ago by state pension plan administrators in New Jersey and Ohio in connection with a probe of the...
Safety First
Nov 15 2009 // Amid all the federal wrangling over national health insurance reform, many states in the Northeast and elsewhere are focusing on smaller, targeted efforts that affect property/casualty insurers as much or more than health...
New Jersey Now Providing More Detailed Patient Safety Data
Nov 10 2009 // For the first time, New Jersey consumers can access detailed information on patient safety at hospitals throughout the Garden State. State health officials recently released a report that shows each hospital’s...
New Jersey’s Synergy Opens California Office
Nov 3 2009 // Synergy Professional Associates, of Kinnelon, N.J., has announced that Myles Alonzo has recently joined Synergy as manager of their new West Coast office. Alonzo will be based out of the San Francisco Bay Area and will be...
Noto Joins Swett & Crawford in New Jersey
Oct 29 2009 // Swett & Crawford has hired Carmela Noto as a broker in the insurance wholesaler’s Morristown, New Jersey office. The insurance industry veteran has long-term experience in marketing and managing commercial...
Gard Joins Jimcor in New Jersey
Oct 22 2009 // Jimcor Agencies has hired Matthew Gard as brokerage specialist in its Montvale, New jersey branch office. Gard has more than 15 years of experience in the commercial lines wholesale industry. Source: Jimcor Agencies
New Jersey to Penalize Drivers for Ice and Snow Left on Vehicles
Oct 20 2009 // New Jeresy Gov. Jon Corzine has signed into law a bill that requires all drivers in the state to make reasonable efforts to remove ice and snow from their vehicles. The bill allows police to stop vehicles they believe pose...
Business Moves
Oct 19 2009 // Norfolk & Dedham, Rockingham Two East Coast-based mutual insurance companies have formed a mutual alliance that they say allows them to achieve efficiencies, diversification and spread of risk without actually merging...
