New Jersey News

Medical Malpractice Insurer, NJ PURE, Forms Strategic Alliance with LIU

NJ PURE, a medical malpractice insurer in New Jersey, has entered into a strategic alliance with Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance. According to Eric S. Poe, chief litigation and marketing officer of NJ PURE, NJ …

Synapse Services, LIU Launch Remediation Professional Policy in New Jersey

Synapse Services, LLC., a nationwide wholesale environmental insurance firm, has launched a new insurance policy that provides individual liability coverage for Licensed Site Remediation Professionals (LSRPs) in New Jersey. Synapse is the distributor of the policy, which is underwritten by …

I.I.I. : 93% of New Jersey/New York Sandy Claims Settled

Insurance regulators in New Jersey and New York — the two states hardest-hit by Superstorm Sandy — report that insurers have settled 93 percent of the claims they received in the wake of Sandy, according to the Insurance Information Institute.More …

New York State Releases Plans for $1.7B in Sandy Funds

New York Gov. Andrew Cuomo announced statewide plans Tuesday to use $1.7 billion in federal storm-damage funds for home repairs, government buyouts of property in flood-prone areas, low-interest loans, flood-prevention measures, and other recovery work. Most of the money will …

Confie Eyes More Expansion, Push Into Standard Lines

In the coming year Confie Seguros plans to up its buying spree and expand into standard personal and small commercial lines, while broadening its demographic from being primarily Hispanic focused, the president of the Buena Park, Calif.-based insurance agency said …

New Jersey Governor Christie Seeks 100% FEMA Reimbursement for Sandy

New Jersey Governor Chris Christie is asking the federal government to reimburse the state for 100 percent of emergency costs for at least 90 days after Superstorm Sandy swept ashore on Oct. 29.In a letter to the Federal Emergency Management …

New York, New Jersey Put $71 Billion Price Tag on Sandy

New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates. The total, which could grow, came as New …

Study: New Jersey Beaches 30-40 Feet Narrower After Superstorm Sandy

The average New Jersey beach is 30 to 40 feet narrower after Superstorm Sandy, according to a survey that is sure to intensify a long-running debate on whether federal dollars should be used to replenish stretches of sand that only …

AIR Worldwide Survey Team Describes Sandy Losses in N.J., N.Y.

AIR Worldwide recently concluded damage survey of areas impacted by Superstorm Sandy, which made landfall on Oct. 29, five miles southwest of Atlantic City, New Jersey. On November 11, 2012, AIR teams were deployed to survey damage in New York …

NAIC Sets Up Consumer Call Center in Aftermath of Superstorm Sandy

State insurance regulators, working cooperatively through the National Association of Insurance Commissioners (NAIC), are coordinating efforts to assist New Jersey and other Eastern Seaboard residents in the aftermath of Superstorm Sandy. To help field calls and respond to residents’ needs, …