New Jersey Department of Banking and Insurance News

Zimmerman Nominated to Be New Jersey Insurance and Banking Commissioner

Governor Phil Murphy has nominated Justin Zimmerman as commissioner of the New Jersey Department of Banking and Insurance. Zimmerman, who has been with the state agency since 2018, currently serves as acting commissioner and will continue to serve in his …

Proposed Bill Allowing Rider for Pandemic BI Coverage Moves Forward in New Jersey

A New Jersey bill that would allow business interruption insurers in the state to add a rider for virus and pandemic coverage is moving forward, with some in the industry saying it could encourage more insurers to provide this coverage. …

New Jersey Provides Guidance for Homeowners After Tropical Storm Isaias

The New Jersey Department of Banking and Insurance (DOBI) has provided guidance for homeowners suffering property damage caused by the recent tropical storm that rattled the state. DOBI has issued guidance for New Jersey homeowners on filing a homeowners insurance …

New Jersey Insurance Companies Directed to Provide Premium Reductions

The New Jersey Department of Banking and Insurance has directed insurance companies in the state to provide premium reductions to consumers and businesses during the COVID-19 emergency, citing reduced risk of loss due to the pandemic. The department issued a …

Temporary Licensing Process Implemented for New Jersey Insurance Producers

The New Jersey Department of Banking and Insurance (DOBI) has implemented a process for issuing temporary licenses to eligible individuals seeking to become insurance producers during the COVID-19 pandemic. The temporary process is being implemented in order to assure the …

New Jersey Governor Phil Murphy Signs Executive Order on Gun Safety

New Jersey Governor Phil Murphy has signed Executive Order No. 83, directing the New Jersey Department of Treasury, the Division of Purchase and Property, and the New Jersey Department of Banking and Insurance to promote responsible gun safety practices for …

N.J. Insurers, Regulated Entities Urged to Assist Marcal Employees Affected by Fire

New Jersey Department of Banking and Insurance Commissioner Marlene Caride last week issued a bulletin encouraging insurers and entities regulated by the department to work with and assist employees of the Marcal paper products facility who lost their jobs after …

New Jersey Reminds Residents, Insurance Companies to Prepare for Hurricane Season

The New Jersey Department of Banking and Insurance is urging the insurance and banking companies it regulates, as well as New Jersey residents, to prepare now for hurricane season, which officially begins June 1. All Garden State residents should have …

Caride Named Acting Commissioner of N.J. Department of Banking and Insurance

New Jersey Governor Phil Murphy has named Marlene Caride acting commissioner of the New Jersey Department of Banking and Insurance (DOBI), effective January 16, 2018. In this new role, Caride oversees New Jersey’s insurance, banking and real estate industries. She …

Carrier to Exit New Jersey Health Exchange Marketplace

State officials say a health insurance carrier is leaving New Jersey’s health exchange marketplace created under the Affordable Care Act, or ACA. Officials with Health Republic of New Jersey say the insurance co-op has been under “considerable financial strain” due …