Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
Auto Market Shrinks in New Jersey as Major Carriers Exit
Jul 16 2001 // First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now...
PIANJ Defends Terminated Agent
Jul 13 2001 // The Professional Insurance Agents of New Jersey, Inc. has vigorously defended the position of the R.J. Gaydos Insurance Agency, which has sued the National Consumer Insurance Co. for wrongfully terminating its agency...
NJ Man Drops Airbag Lawsuit, as Revelations Raise Questions
Jul 9 2001 // Eric V. Thomas, a New Jersey Dentist, has dropped his suit against the Ford Motor Company following revelations which put in question the cause of his wife’s death in an auto accident in 1997, and established that he...
TROUBLES IN N.J. AUTO
Jun 25 2001 // State Farm Indemnity announced its intention to stop writing automobile business in New Jersey, pending approval from state regulators, which could take years to complete. Last October, the company applied for a 16.8...
Newark Wants Out of NJ Auto Market Too
Jun 22 2001 // The break in the dam, that started with the announcement by State Farm Indemnity that it planned to leave New Jersey’s auto insurance market, now threatens to become a flood, as yet another state carrier, Newark...
AIG Files To Exit NJ Auto Market
Jun 21 2001 // Insurance giant American International Group became the second insurance company in two weeks to file a request with New Jersey’s Insurance Department requesting permission to withdraw from the state’s...
Liberty Mutual May Take the Highway
Jun 18 2001 // One of New Jersey’s top five auto insurers is considering its options as a result of an announcement last week by State Farm Indemnity Co. which indicated it was withdrawing from selling auto insurance in the Garden...
State Farm Indemnity Pulls Out of N.J. Auto Market, Gets A.M. Best Downgrade
Jun 14 2001 // State Farm Indemnity announced on June 12 that it intends to stop writing automobile business in New Jersey. The announcement was immediately followed by A.M. Best Co. downgrading the financial strength rating of the...
State Farm Indemnity To Exit NJ Auto Market
Jun 13 2001 // State Farm Indemnity, New Jersey’s largest auto insurer, announced plans to withdraw from the market citing a failure to obtain regulatory reforms and consistently poor loss experience over the last three...
Allstate’s Good Hands Put Death Grip on Fraud Perpetrators
May 21 2001 // “You’re in good hands.” Those words have a profoundly different context if you happen to be part of a group of individuals who submit “creative” claims to Allstate. In that case, those good...
ISO Moves To New Jersey
May 14 2001 // In a move that consolidates all of its business units under one roof, Insurance Services Office Inc. has relocated the company’s international headquarters to the Newport World Business Center. The relocation unites...
Fraud Ring Suspected in New Jersey
Apr 5 2001 // Allstate New Jersey Insurance Co. filed a civil suit Wednesday in Morris County Superior Court against 10 defendants alleging violations of the New Jersey Fraud Prevention Act and the New Jersey Civil RICO Statute, in...
Levin Recommended as Exec. Director of Port Authority
Apr 2 2001 // New York Gov. George Pataki and Acting New Jersey Gov. Donald DiFrancesco have recommended New York State Insurance Superintendent Neil Levin to succeed Robert Boyle as executive director of the Port Authority of New York...
Commercial Auto-The LONG Road Back to Profitability
Feb 19 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
Commercial Auto: The Long Road Back to Profitability
Feb 12 2001 // The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to...
NJ Commissioner Unveils Auto Territory Draft Standards
Feb 7 2001 // New Jersey Banking and Insurance Commissioner Karen L. Suter shared the proposed draft standards with the Territorial Rating Plan Advisory Commission. The 50-year-old rating map used by automobile insurers will be redrawn...
N.J. Agent Admits Insurance Scam
Jan 16 2001 // A New Jersey man was ordered to pay back the more than $65,000 he admitted to stealing from the local township’s fire district. Joseph Greenfield, 63, was sentenced Friday by Ocean County Superior Court Judge Edward...
New Jersey Workers’ Comp Rates to Decline 2.3 Percent in 2001
Dec 8 2000 // Workers’ comp premiums will be reduced by an overall 2.3 percent next year, New Jersey Banking and Insurance Commissioner Karen L. Suter announced yesterday. At the same time, weekly benefits to injured workers for...
New Jersey Insurer Issues Dividends to Auto Policy Holders
Dec 7 2000 // New Jersey Manufacturers Insurance is mailing special dividend checks to auto policy holders in New Jersey, Pennsylvania and New York totaling about $54.6 million. The 324,984 policy holders affected will receive an...
Allstate New Jersey Suit Alleges Medical Providers Set up Sham Cos.
Nov 16 2000 // Allstate New Jersey Insurance Co. filed suit in Morris County Superior Court against 39 defendants alleging violations of the New Jersey Fraud Prevention Act, the New Jersey RICO statute, and several sections of the New...
