Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
Bill Would Create N.J. Catastrophe Fund
Jun 8 2006 // New Jersey Assemblyman Mike Panter (D-Monmouth/Mercer) has filed legisaltion to create a premium-funded state pool to cover homeowners’ losses from natural catastrophes. Panter’s bill (A-3236), the New Jersey...
N.J. Among States Considering ‘Fire-Safe’ Cigarette Mandate
Jun 7 2006 // New Jersey would become one of a handful of states to require that cigarettes sold in-state have extra fire protections built in, under a measure being considered in the Legislature. The proposal — modeled after similar...
N.J. Drivers ‘Clear Winners’ Under ’03 Reforms, Claims Industry Report
Jun 5 2006 // New Jersey drivers are the “clear winners” due to auto insurance reforms enacted by lawmakers in 2003 according to the Property Casualty Insurers Association of America (PCI), which released a report about the...
N.J. Court Holds Guaranty Fund Should Pay Illegal Aliens’ Accident Costs
May 19 2006 // New Jersey’s Supreme Court has unanimously ruled that illegal immigrants injured by uninsured drivers can have medical costs covered by a fund whose money comes from insurance fees. The 7-0 decision by New Jersey...
N.J. Court: Worker Can Sue Exxon Over Spouse’s Death
Apr 27 2006 // A retired steamfitter who claims his asbestos-contaminated work clothes caused his wife’s death can sue Exxon Mobil, owner of a refinery where he worked, New Jersey’s Supreme Court ruled. The oil company should...
N.J. Officials Push for Tougher Chemical Plant Safety Rules
Apr 18 2006 // Speaking near a cluster of chemical plants, New Jersey’s two United States senators and its new homeland security director said the state should be able to enact tougher safety standards for chemical facilities than...
TD Banknorth Continues Expansion in N.J. with Interchange Acquisition
Apr 17 2006 // TD Banknorth Inc., headquartered in Portland, Maine, is acquiring Interchange Financial Services Corporation for $480.6 million in an all cash transaction. Headquartered in Saddle Brook, New Jersey, Interchange had $1.6...
New Jersey’s ProTrans Acquires Midwest-based WSIB Insurance
Apr 11 2006 // Insurance broker ProTrans Inc., a member of New Jersey-based Capacity Group of Companies, announced an agreement to acquire WSIB Motorsports Insurance of Indianapolis, Ind., effective March 21, 2006. With offices in...
Merck to Appeal N.J. Vioxx Compensatory and Punitive Damages
Apr 11 2006 // A New Jersey jury that last week awarded $4.5 million in compensation to a man who suffered a heart condition after long-time use of the painkiller Vioxx has added $9 million in punitive damages. Vioxx-maker Merck &...
N.J. Insurer Palisades Names Fernandez President and CEO
Apr 4 2006 // Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds...
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer Federation of...
Consumer group accuses Geico, other insurers of unfair underwriting
Apr 3 2006 // News Currents A U.S. consumer group has made claims that Geico Corp. uses rate-making methods that directly base eligibility and premiums solely upon the educational background and occupation of consumers. The Consumer...
Analyst Sees Low Damage Award If Merck Loses Vioxx Case
Mar 30 2006 // If the plaintiffs in the Vioxx case currently being tried in New Jersey win, the damage awards against Merck & Co. are likely to be modest and not affect the drugmaker’s ability to manage the financial fallout...
N.J. Gov. Corzine Swears In Goldman as Insurance Commissioner
Mar 29 2006 // New Jersey Governor Jon S. Corzine administered the oath of office on March 24 to the new Commissioner of the Department of Banking and Insurance Steven M. Goldman. Corzine named Goldman to the cabinet post on January 31....
Catching up with region’s insurance politics
Mar 20 2006 // In the Northeastern and Atlantic states, elected politicians are in the thick of deciding on legislation that could affect insurers, insurance agents and their insureds. New Jersey lawmakers are considering restoring...
N.J. Supreme Court Lowers Standard for Proving Insured Committed Fraud
Mar 14 2006 // The New Jersey Supreme Court has set an easier standard of proof for an insurance company suing an insured for fraud than a lower court had required. Instead of proving fraud by “clear and convincing evidence,”...
Selective Insurance Group in N.J. Makes Executive Appointments
Mar 14 2006 // Selective Insurance Group, Inc., in Branchville, N.J., announced the following executive appointments: Diederik Olijslager (Lafayette, N.J.), to vice president, Selective Insurance Group, and senior vice president, head of...
Bail for Pru Lobbyist Puts N.J. Governor in a Political Fix
Mar 9 2006 // In his first political firestorm since taking office in January, Gov. Jon S. Corzine said Wednesday that he provided $5,000 in bail money to an insurance lobbyist accused of stalking a state assemblyman. “I reacted...
N.J.’s Horizon Health Plan Settles with Cardiologists on Overpayments
Mar 9 2006 // New Jersey’s largest health insurer and two physician groups have settled a lawsuit over whether hundreds of heart specialists were overpaid for services performed in 2003 and 2004. The settlement ends the case,...
