Latest New Jersey Headlines

Fitch Affirms Ratings for CNA

Feb 17 2006 // Fitch Ratings has affirmed the ‘BBB-‘ long-term issuer rating and ‘BBB-‘ senior debt ratings of CNA Financial Corporation (CNA) and the ‘A-‘ insurer financial strength (IFS) ratings of...

N.J. court upholds legitimacy of claims-made policy where insured rejected retroactive coverage

Feb 6 2006 // In what lawyers say is a precedent-setting decision, a New Jersey court has ruled that a claims-made insurance policy that did not include retroactive coverage does not violate public policy and is enforceable. An...

N.J. Agent Pleads Guilty to Stealing Nearly $100,000 in Premium Money

Feb 1 2006 // New Jersey Division of Criminal Justice Director Vaughn L. McKoy reported that a Cumberland County insurance agent has pleaded guilty to theft for stealing nearly $100,000 in insurance premium money from insurance...

Wheeler Joins New Jersey’s National Atlantic as Vice President

Jan 30 2006 // National Atlantic Holdings Corp., a provider of specialized property/casualty insurance products and related insurance services based in Freehold, N.J., has appointed as Vice President Douglas Wheeler, former assistant...

The Hanover Names Sipple as Regional VP for Marine in N.Y.-N.J.

Jan 24 2006 // The Hanover Insurance Group reported that Michelle M. Sipple has been named regional vice president, marine, for the company’s New York and New Jersey region. Sipple will work out of the The Hanover’s...

Jan 22 2006 // People Maryland Gov. Robert L. Ehrlich Jr., has selected R. Steven Orr to serve as Maryland Insurance Commissioner. He succeeds Alfred W. Redmer, who resigned in October 2005 to join the private sector. Orr, 53, most...

Bryan Remains at N.J. Insurance Helm as Corzine Becomes Governor

Jan 18 2006 // New Jersey Gov. Jon Corzine, sworn into office in Tuesday, has yet to name several members of his cabinet, including an insurance and banking chief. Corzine did, however, announce that Acting Banking and Insurance...

Northeast Winds Topple Trees, Power Lines from Mass. to Maryland

Jan 18 2006 // Usually snow and ice are the culprits this time of year in the Northeast for problems with the weather. Wednesday, though, proved to be Mother Nature offering a different problem for residents. Winds, in some cases...

N.J. Court Upholds Claims-Made Policy Where Insured Refused ‘Lookback’

Jan 17 2006 // In what lawyers say is a precedent-setting decision, a New Jersey court has ruled that a claims-made insurance policy that did not include retroactive coverage does not violate public policy and is enforceable. An...

N.J. Gov.-Elect Corzine Nominates Chen to be State’s Public Advocate

Jan 6 2006 // New Jersey Governor-elect Jon Corzine has nominated Rutgers Law School Associate Dean Ronald K. Chen to be public advocate to represent consumers on insurance rates and other issues before state government. Chen’s...

ACE Opens N.J. Branch; Names Hurley as Manager

Jan 6 2006 // ACE USA has opened a branch office in Morristown, N.J., which will serve the northern New Jersey area. Andrew Hurley has been appointed New Jersey branch manager and will lead the new office. Hurley will work to expand ACE...

Azelby Joins Jimcor in N.J. as Senior Commercial Lines Underwiter

Jan 6 2006 // Jimcor Agencies iannounced that Renee M. Azelby has joined the staff in Marlton, N.J. Azelby comes to Jimcor with 15 years of experience in the industry, most recently working as a professional liability underwriting...

N.J.-Based E&S Broker Jimcor Adds Seigel, Promotes 2 Others

Jan 2 2006 // Jimcor Agencies, a Northeast excess and surplus lines wholesaler based in Montvale, N.J., made several management changes. Frank Seigel has joined as the North New Jersey branch manager. Seigel brings with him more than 30...

N.J. Neurologist Charged with Million Dollar Insurance Fraud Scam

Jan 1 2006 // New Jersey Attorney General Peter Harvey reported that a Mercer County neurologist, his former medical practice and four former medical diagnostic and/or medical equipment corporations, along with the former office...

From New England to Virginia, Courts Made Insurance Headlines in 2005

Dec 30 2005 // From Maine to Virginia, many of the insurance headlines in 2005 dealt with compensation and reinsurance probes, just as they did across the country, casting the industry’s reputation in a bad light. But much of the...

N.J. Agents Honor Gilchrest of for Community Volunteer Service

Dec 14 2005 // The Independent Insurance Agents & Brokers of New Jersey recently presented the Richard C. Hardenbergh Community Service Award to Richard J. Gilchrest of the Martin Agency in Toms River, New Jersey. The award,...

Brokers in Pursuit of Professional Liability Coverage

Dec 14 2005 // It happens quite often. An insured is sued and a question is raised as to whether there is insurance coverage for the claim. The insured states that “it thought it had coverage,” and if it does not have...

Progressive Adds Business Auto in N.J.

Dec 12 2005 // The Progressive Group of Insurance Companies is now offering commercial auto insurance to New Jersey business owners. This follows the Oct. 3, 2005 announcement that the Drive Insurance from Progressive and Progressive...

Proformance Insurance, N.J. State Police Note Auto Fraud Case

Dec 8 2005 // In a joint investigation with the New Jersey State Police, the Proformance Insurance Company, a provider of specialized property/casualty insurance products in New Jersey, revealed that one of its auto policyholders had...

NAMIC: Study on Cost Impact of N.J. Court Ruling Shows Legislation Need

Dec 6 2005 // A new actuarial study concluding that a New Jersey Supreme Court ruling will substantially increase costs for drivers that choose no fault coverage shows there is a significant need for legislation to correct the decision,...