New Jersey Manufacturers Insurance Company News

N.J. Roofing Company Exec Gets Jail Time for Misleading Workers’ Comp Carrier

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 …

NJM, Everett Cash Mutual Join NAMIC’s ‘Century Club’

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 …

NJM Donates Driving Simulators to Local New Jersey High Schools

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 …

AIG Estimates $1.3B Net Losses From Superstorm Sandy

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 …

NJM Insurance: Sandy-Related Claims Could Exceed $300M

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 …

Sandy Claims Continue to Pour In at Quick Pace

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 Co. Appoints New CFO

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 …