Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
Business Moves
Sep 1 2008 // Aon, Benfield Chicago-based Aon Corp. is acquiring UK-based broker Benfield Group Limited for about $1.75 billion. The price includes $6.55 (£3.50) per share in cash and assumption of $170 million (£91 million) of...
New Jersey Forest Fire Still Burning
Aug 28 2008 // Firefighters have been able to keep a southern New Jersey forest fire from spreading, though they have not been able to contain it entirely or put it out. The fire in a remote section of the Wharton State Forest in Camden...
New Jersey Court Limits Broker Duty of Care
Aug 21 2008 // Agents in New Jersey are praising a recent court decision that limits an agent’s duty of care when a client misrepresents himself. The ruling stems from a suit brought by Harbor Commuter Services, a ferry operator in...
New Jersey Mayor Gets 21 Months for Insurance Fraud Scheme
Aug 18 2008 // Former Passaic, New Jersey Mayor Samuel Rivera was sentenced Friday to nearly two years in prison and a $4,000 fine for accepting cash bribes in exchange for influencing city contracts. Rivera, who was caught in a...
More New Jersey Drivers Using Seat Belts
Aug 8 2008 // Slightly more New Jerseyans are using seat belts. The state Division of Highway Traffic Safety says May’s “Click It or Ticket” survey found 91.75 percent of drivers using their seat belt. That’s up...
Utah’s Jack Byrne Legendary in Insurance Circles
Aug 7 2008 // Jack Byrne’s magic business touch has been all about the basics paired with high drama. Once hailed as the Babe Ruth of insurance, he was the man who long ago saved Geico, the automobile insurer that later became a...
N.J. High Court: Annoying Not Harassment
Aug 6 2008 // An annoying person isn’t necessarily a sexual harasser, according to the New Jersey Supreme Court, which earlier this week ruled two women who were students at the Princeton Theological Seminary cannot sue the school...
New Jersey Man Injured by Golf Ball Launched by Mower Gets $725K
Aug 1 2008 // Landscapers in New Jersey better check for golf balls before mowing. That’s because a Monmouth County man who got glass in his eye when a golf ball struck his window has received a $725,000 settlement. Defendants in...
N.J.’s Palisades Acquires Proformance Insurance
Aug 1 2008 // New Jersey’s Palisades Safety and Insurance Association has taken a step to expand beyond auto insurance by acquiring the National Atlantic Holdings Corp., including its subsidiary, The Proformance Insurance...
N.J. Insurance Committee Chair Resigns amid Child Porn Allegations
Jul 30 2008 // Neil M. Cohen, chairman the New Jersey Assembly’s key committee overseeing insurance issues, resigned Monday amid reports that he’s under investigation for suspected possession of child pornography. The clerk...
Pay-As-You-Drive Auto Insurance Coming to New Jersey
Jul 29 2008 // One auto insurance company is offering New Jersey motorists discounts of up to 60 percent if they install a high-tech monitoring device. The wireless devices will tell Progressive how many miles are driven, how fast people...
Lockhart Resigns as Kinloch Insurance CEO; Genatt Takes Over
Jul 17 2008 // New York-based Kinloch Holdings, Inc., an insurance brokerage holding company focusing on middle market clients, announced today that founder and CEO Robert Lockhart has resigned to pursue other opportunities. Steve...
New Jersey Testers Claim Cadbury Sweetener Caused Burns
Jul 11 2008 // It sounded like a job that would make the Easter Bunny jealous. But three taste testers for candy maker Cadbury PLC say they were seriously injured while sampling something sweet. The three testers, all women from Morris...
New Jersey Agents Applaud Broker Duty of Care Ruling in Hull Suit
Jul 9 2008 // Agents’ trade groups in New Jersey are praising a recent Garden State court decision that limits an agent’s duty of care when a client misrepresents himself. The ruling stems from a suit brought by Harbor...
E&S Broker TAPCO Expands to Serve Delaware, New Jersey Retail Agents
Jul 8 2008 // TAPCO Underwriters, Inc., a Burlington, North Carolina-based excess and surplus lines managing general agency, is now offering its products and proprietary quoting and binding process to retail agents in Delaware and New...
Business Moves
Jul 7 2008 // Hudson Insurance, Hooghuis Hudson Insurance Group, the U.S. insurance division of Odyssey Re Holdings Corp.has acquired Hooghuis Group LLC, an underwriting agency specializing in U.S. directors and officers liability...
New Jersey Workers’ Comp Reforms Target Payments, Employer Scofflaws
Jun 25 2008 // New Jersey lawmakers have approved a number of major changes to the Garden State’s workers’ compensation insurance system. The reforms comprise a package of six bills passed earlier this week by the Assembly...
Wholesaler Russell Bond & Co. Opens New Jersey Office
Jun 24 2008 // Buffalo, New York-based insurance wholesaler Russell Bond & Co. has opened a new branch office in Hamilton, New Jersey. Called the Financial Institutions Underwriting Office, the new branch holds binding authorities...
National Atlantic Shareholders Approve Merger with Palisades in N.J.
Jun 24 2008 // National Atlantic Holdings Corp., parent of Proformance Insurance, reported that its shareholders have approved the proposed merger with Palisades Safety and Insurance Association of Berkley Heights, N.J. Freehold,...
New Jersey Cops Crack Down on Teen Drivers
Jun 20 2008 // Police in Bergen County, New Jersey issued 317 tickets to teen drivers for violating terms of their graduated driver licenses. Officers conducted patrols and checkpoints during an 18-day period in April as part of a pilot...
