Online marketplace Amazon can be sued under New Jersey product liability law for defective products sold by third-party sellers on its website. The federal district court in New Jersey sided with the New Jersey Manufacturers Insurance Group in its representing …
New Jersey Manufacturers Insurance Company’s stellar financial strength rating has been downgraded a notch by A.M. Best, based on concerns about its underwriting and operating performance. The workers’ compensation and commercial auto insurer now has a financial strength rating of …
The expectation that the new Congress that convenes this week will act quickly to reauthorize the Terrorism Risk Insurance Act (TRIA) is keeping workers’ compensation insurers in particular from altering their behavior at least for now, according to insurance executives. …
New Jersey authorities said the president of a New Jersey roofing company was sentenced to jail Friday for providing false and misleading information to the company’s workers’ compensation insurance carrier to avoid paying hundreds of thousands of dollars in premiums …
The National Association of Mutual Insurance Companies (NAMIC) announced that two Northeast-based member companies, New Jersey Manufacturers Insurance Company and Everett Cash Mutual Insurance Company, will be joining NAMIC’s “Century Club” in recognition of their 100th anniversary. New Jersey Manufacturers …
New Jersey Manufacturers Insurance Company (NJM), the largest insurer of private passenger vehicles in the Garden State, donated driving simulators to 55 New Jersey high schools this month. The insurer said these simulators represent an investment of more than $700,000 …
American International Group Inc. announced that its preliminary estimate of the company’s after-tax losses related to Superstorm Sandy — net of reinsurance — will total approximately $1.3 billion.The estimate reflects a pre-tax loss estimate, net of reinsurance, totaling some $2.0 …
With more than 52,000 Sandy-related claims filed to date, New Jersey Manufacturers Insurance Company said it anticipates that payouts to policyholders who have suffered covered losses could exceed $300 million — four times what it paid as a result of …
Insurers said Sandy-related claims have been pouring in at a rapid pace in the immediate days after the storm — and that as some sense of normalcy returns, many more claims are expected. The Progressive Corp. CEO Glenn Renwick said …
New Jersey Manufacturers Insurance Company has promoted treasurer Charles Prall to chief financial officer. He will also serve on the insurer’s board of directors.Being named to the CFO position is an enhancement of Prall’s previous duties, the company said. The …
