New Jersey News

New Jersey Declared Disaster Area for October Snowstorm

President Obama has issued a major disaster declaration for New Jersey for the late October snowstorm that played havoc with roads, trees and power lines around the state. The declaration issued Wednesday evening paves the way for the release of …

Some New Jersey Towns Taking Steps to Reduce Flooding

Several northern New Jersey towns hit hard by recent flooding are taking steps to make sure it doesn’t happen again. New Jersey’s Department of Environmental Protection has awarded $350,000 to four communities in the Passaic River Basin that suffered damage …

Jury Clears New Jersey Pub in Patron’s Death

Jurors found a New Jersey pub was not negligent in the death of a patron who was struck and killed while walking on the Garden State Parkway. The jury decided not to award money to the parents of Robert Barbiero …

Agencies Saw Business Interruption Claims After October Nor’easter

Local agencies in the Northeastern region say they saw cases of business interruption claims following the unusual, freak snowstorm that swept through the area last month. Many claims came from local restaurants and diners whose refrigerated foods went bad and …

N.J. Insurance Agent Indicted for Allegedly Stealing $176K

A Camden County, New Jersey, insurance agent was indicted for allegedly stealing more than $172,000 from insurance purchasers and for allegedly failing to remit insurance premiums worth over $3,200. The indictment was announced on Tuesday, Oct. 18, by New Jersey …

N.J. Man Indicted for Allegedly Submitting False Claim Worth $24K

A Monmouth County, New Jersey, resident has been indicted for allegedly submitting a forged receipt in support of an insurance claim in an attempt to collect more than $24,000 to which he was not entitled. The indictment announcement was issued …

New Jersey Workers’ Comp Insurers Seek 6.9% Rate Hike

The New Jersey Compensation Rating & Inspection Bureau has filed a request with regulators to increase workers’ compensation rates by 6.9 percent effective 2012. “It will be reviewed by the Department of Banking and Insurance. A 6.9 percent increase is …

N.J.-based Selective Insurance Reports $70M in Q3 Cat Losses

Branchville, N.J.-based Selective Insurance Group reported on Tuesday, Oct. 11, pre-tax catastrophe losses for the third quarter of around $70 million, or 20 points on the combined ratio. The loss estimate is net of reinsurance recoveries and inclusive of reinstatement …

Atlantic City to Bill Insurers for Emergency Calls

Atlantic City has decided to bill insurance companies for fire department services. The City Council approved the ordinance this week without setting fees. Glassboro implemented such a system in 2005. Fire Chief Ralph Johnson told The Press of Atlantic City …

N.J. Insurance Veteran Fernandez Wins PIA Award

The National Association of Professional Insurance Agents (PIA) has named New Jersey insurance veteran Edward Fernandez as its 2011 Company Representative of the Year. Fernandez is president of the Palisades Companies, an independent agency insurer and part of the Plymouth …