Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
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,...
Merck Defends Vioxx as ‘One of Most-Studied’ Drugs at Latest Trial
Mar 8 2006 // An attorney for Merck & Co. insisted at the start of another Vioxx trial that the company adequately investigated the drug’s safety and asserted it was heart disease and other ailments, not Vioxx, that led to...
Goldman Sworn in as Acting N.J. Insurance Commissioner
Mar 6 2006 // Steven M. Goldman was sworn in as Acting Commissioner of the New Jersey Department of Banking and Insurance on March 1, 2006. Prior to his nomination by Governor Jon S. Corzine, Goldman was a senior member and 22-year...
N.J. Resident Sentenced to Prison for Defrauding 9/11 Victim Comp Fund
Mar 1 2006 // A former truck driver, who authorites report falsely claimed to have been injured and permanently disabled in the terror attack on the World Trade Center on Sept. 11, 2001, was sentenced recently to 30 months in federal...
Insurers Oppose N.J. Bill Giving Chiropractors Equal Billing
Feb 24 2006 // Insurers this week testified in Trenton against a bill (A-1003) that would permit chiropractors in New Jersey to seek reimbursement for services at the same rate as licensed physicians and surgeons. The legislation would...
Hanover Transfers Discontinued N.J. Business to Proformance
Feb 21 2006 // The Hanover Insurance Group, Inc. announced that its wholly-owned subsidiary, The Hanover Insurance Company, and some of its affiliates will transfer renewal rights for a block of certain personal lines policies to...
