New Jersey News

New Jersey Supreme Court: Insurer Must Defend in House Guest Overdose

An insurance company must defend a homeowner who was sued after a woman overdosed on drugs at a house party he held, the New Jersey Supreme Court has ruled. This week’s ruling written by Justice Helen E. Hoens reversed an …

Latin Insurance Agent Groups Growing, Going Mainstream

A group of New York insurance agents has launched a new trade group for Latin insurance producers as well as brokers who serve the Hispanic community in the Northeast. LABA is not the first group geared toward insurance agents with …

Karlen Named President, COO of Michigan-Based FinCor Holdings

John R. Karlen has been appointed president and chief operating officer of FinCor Holdings Inc. (FinCor), a Lansing, Mich.-based subsidiary of Medical Professional Mutual Insurance Co. In this role, Karlen will lead all of the FinCor subsidiaries including MHA Insurance …

New Jersey Bill Targets Vehicles Registered Out of State

New Jersey is taking aim at residents who fraudulently register their vehicles or obtain auto insurance in other states. The Assembly recently passed a measure that makes so-called “reverse rate evasion” a form of insurance fraud under state law. Under …

New Jersey to Cease Printing Agents’ and Adjusters’ Licenses

Print it yourself. That’s what New Jersey’s insurance regulator is telling insurance agents about their insurance licenses. The department has issued a new bulletin advising agents and public adjusters in the state that, starting next month, it will no longer …

People

The Excess Line Association of New York has appointed Jasmin Chen Johnson as financial director. She will be responsible for conducting financial analysis, review and monitoring of all New York-eligible excess line insurers. She has over 15 years of experience …

People

The Independent Insurance Agents of Texas (IIAT) elected David Wood, vice president and partner at Bogan, Dunlap & Wood Insurance in Odessa, to serve as the association’s president for 2010-2011. Other newly elected officers are: President-Elect Bob Shepard with Shepard …

20% of Drivers Would Flunk Test

The nation’s most knowledgeable drivers are in Kansas, Oregon, South Dakota and Minnesota, while the least knowledgeable are in California, the District of Columbia, New Jersey and New York. That’s according to results from the 2010 GMAC Insurance National Drivers …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Closure/Post Closure for Landfills Market Detail: Sloan Mason Insurance Services provides closure and post closure …

Does iPhone Insurance Cost Too Much?

Absent-minded iPhone users can now insure their devices against loss or accidents. But with a $12 monthly fee and a $199 deductible for the latest model, it might make more sense to just learn to be careful. Asurion, an insurer …