Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
Industry People Making Moves in 2003
Dec 15 2003 // As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few...
NAII Says N.J. Auto Market Emerging from ’30 Years of Mismanagement’
Dec 11 2003 // The National Association of Independent Insurers has issued a bulletin, which indicates that New Jersey’s auto insurance market, which it described as “once the nation’s poster child for the dangers of...
Proformance to Acquire MetLife Auto & Home’s Agency Produced N.J. Business
Dec 9 2003 // New Jersey’s Proformance Insurance Company announced that it will acquire the independent insurance agency-produced New Jersey auto and homeowners insurance business of MetLife Auto & Home for $10 million in...
N.J. DOBI Issues Advisory on Incorrect Auto Ratings
Dec 9 2003 // Holly C. Bakke, New Jersey’s Commissioner of Banking and Insurance has issued an advisory bulletin too “all private passenger automobile insurers authorized or admitted in this state,” concerning...
AIA, PIANJ, IIANJ Applaud N.J. Senate’s Rejection of “Verbal Threshold” Bill
Dec 8 2003 // Following a hearing, at which numerous industry representatives testified (See IJ Web site Dec.5), the New Jersey Senate on Friday, in a 5 to 1 vote, refused to send S-2533, the “verbal threshold” bill to the...
NAII, Alliance, AIA Unanimous in Opposing N.J. “Verbal Threshold” Bill
Dec 5 2003 // Representatives of the National Association of Independent Insurers, the Alliance of American Insurers and the American Insurance Association voiced unanimous opposition to changes in New Jersey’s “verbal...
N.J. Man Charged with Workers’ Comp Fraud
Dec 4 2003 // Vaughn McKoy, Director, Division of Criminal Justice, announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has charged a Camden County, New Jersey man with attempted theft, Health...
N.J. DOBI Issues Notice on Legion to Surplus Lines Producers
Dec 4 2003 // Holly C. Bakke, the head of New Jersey’s Department of Banking and Insurance, has issued a bulletin to the state’s licensed surplus lines producers requesting that they advise policyholders about the Legion...
PIANJ Congratulates CIC, CISR Designees and Scholarship Recipients
Dec 4 2003 // The Professional Insurance Agents of New Jersey Inc. recently conferred the New Jersey Certified Insurance Counselor and Certified Insurance Service Representative classes of 2003 in a ceremony at the Trump Taj Mahal in...
AutoOne Insurance to Service NJ PAIP
Dec 2 2003 // AutoOne Insurance will become the newest carrier to handle New Jersey Personal Automobile Insurance Plan (NJ PAIP) business as a Limited Assignment Distribution (LAD) servicing carrier, beginning Jan.1, 2004. The...
Former N.J. Company Employee Ordered to Pay $4,000 to Employer
Nov 25 2003 // New Jersey Attorney General Peter Harvey announced that a former employee of a Hudson County insurance agency has been ordered to pay nearly $4,000 in restitution after reportedly admitting to concocting a scheme to issue...
N.J. Commissioner Details Consumer Protection Actions
Nov 20 2003 // New Jersey’s Banking and Insurance Commissioner Holly C. Bakke has announced a number of actions, following investigations by the Department’s Market Conduct Unit. It operates within the Office of Consumer...
N.J. DOBI Gives Details on “Dollar-a-Day” Auto Policy
Nov 19 2003 // New Jersey’s Department of Banking and Insurance has issued an information statement on its website – www.nj.gov/cgi-bin/dobi/paip/paipmenu.cgi, giving details for consumers who may be eligible for the...
Former N.J. Chiropractor Pleads Guilty to Health Care Claims Fraud
Nov 13 2003 // New Jersey Attorney General Peter Harvey announced that a former Bergen County chiropractor previously convicted of insurance fraud has pleaded guilty to additional charges, including Health Care Claims Fraud for...
N.J. Sentences Man on Fraud Charges
Nov 12 2003 // Vaughn McKoy, Director, New Jersey’s Division of Criminal Justice, announced that a Hudson County man has been ordered to perform community service and pay a $5,000 civil penalty for falsely reporting that his car...
N.J. Gov. Notes ‘Dollar A Day’ Policy Now Available
Nov 12 2003 // Continuing his landmark efforts to reform auto insurance in New Jersey, Governor James McGreevey announced this week that the “Dollar-a-Day” auto insurance policy, designed to help uninsured drivers with...
Best Affirms Palisades Group ‘B++’ Ratings; Assigns Ratings to High Point Group
Nov 7 2003 // A.M. Best Co. announced that it has affirmed the financial strength ratings of B++ (Very Good) of Palisades Group of Berkeley Heights, N.J. and has removed it from under review. Best also announced that it has assigned...
ACORD to Provide N.J. Auto ID Cards
Nov 6 2003 // The Association for Cooperative Operations Research and Development (ACORD) announced that it will soon be providing temporary as well as permanent auto ID cards in New Jersey, as part of a major change in the...
Selective Group Unveils Q3 Numbers, Notes Favorable Performance
Nov 5 2003 // New Jersey-based Selective Insurance Group, Inc. reported net income of $14.7 million, or $0.53 per diluted share, for the third quarter ended Sept. 30, 2003, up from $11.1 million, or $0.41 per diluted share for the same...
N.J. Couple Sentenced as Part of $500,000 Fraud Scam
Nov 4 2003 // New Jersey Attorney General Peter Harvey announced that a Camden County husband and wife charged as part of a multiple-defendant insurance fraud scam have been ordered to repay an insurance company more than $25,000 for...
