New Jersey homeowners insurance News

Universal Property & Casualty Licensed in New Jersey

Universal Insurance Holdings Inc., an insurance holding company based in Fort Lauderdale, Florida, announced that its subsidiary Universal Property & Casualty Insurance Company (UPCIC) was issued a certificate of authority from the New Jersey Department of Banking and Insurance approving …

N.J. Bill Seeks to Prohibit Home Insurers From Raising Rates After Single Claim

A bill currently under consideration in the New Jersey Assembly would prohibit insurance companies from increasing the homeowners insurance policy’s premium based on one claim filed during the policy’s coverage period. The Assembly Bill 4170 (An act concerning homeowners insurance …