Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
NJ DOBI Approves Name MIIX Advantage
May 21 2002 // The New Jersey Department of Banking and Insurance (DOBI) has approved the use of the company name “MIIX Advantage Insurance Company of New Jersey,” according to a company announcement. MIIX is in the process...
NJ Auto Insurance Coalition Steps Up Reform Campaign
May 15 2002 // The Coalition for Auto Insurance Competition (CAIC) announced the launch of an additional wave of advertising as part of its continuing statewide media campaign aimed at reforming New Jersey’s auto insurance system...
PIANJ Gives Support to Bank Parity Proposal
May 14 2002 // The Professional Insurance Agents of New Jersey issued a statement supporting the New Jersey Department of Banking and Insurance for its proposed regulation implementing the Parity Act, which amended the powers of state...
MIIX Reorganization Endorsed by InterMedix
May 14 2002 // Even as it winds down its 25 year life as one of New Jersey’s leading medical malpractice insurers (See IJ Website May 10 and 7), the Lawrenceville based MIIX Group is receiving new support for the resurrected,...
MIIX Board Names Patricia Costante as Chairman
May 10 2002 // Patricia A. Costante, the President and CEO of New Jersey-base MIIX Group, the troubled medical professional liability insurer, got a well deserved vote of confidence on Thursday when the company’s Board of Directors...
PIANJ Joins Coalition for Auto Insurance Reform
May 9 2002 // The Coalition for Auto Insurance Competition announced that the Professional Insurance Agents of New Jersey (PIANJ) has joined the Coalition in the effort to bring much needed reform to the state’s auto insurance...
MIIX Reports $45.4 Million Q1 Loss as It Strengthens Reserves Prior to Runoff
May 7 2002 // MIIX Group, the troubled New Jersey-based medical professional liability insurer, announced a loss for the first quarter ended March 31, 2002, of $45.4 million, or $3.38 per share,”resulting primarily from...
John D’Agostino to represent PIANJ on DOBI Auto Reform Committee
Apr 18 2002 // The Professional Insurance Agents of New Jersey Inc. announced that vice president, John D’Agostino, will represent the association on the New Jersey Department of Banking and Insurance’s (DOBI) working group...
PIANJ Applauds Surplus Lines Proposals
Apr 17 2002 // The Professional Insurance Agents of New Jersey has commended the New Jersey Department of Banking and Insurance (DOBI) for proposing standards and procedures for surplus lines insurance procurement. In a letter sent last...
NJ Industry and Consumer Groups Launch Campaign for Auto Insurance Reform
Apr 9 2002 // Insurance industry and consumer groups have joined together to launch an extensive advertising campaign aimed at building support for their efforts to bring about reforms in New Jersey’s automobile insurance...
Brown Brown Acquires NJ’s Turner Agency
Apr 9 2002 // Regional Executive VP of Brown & Brown, Inc. Thomas E. Riley and Robert J. Turner, President of RJT, Inc. of Parsippany and Freehold, NJ, doing business as The Turner Group, announced that a New Jersey subsidiary of...
NY, NJ, Conn. Med Mal Premium Costs on the Rise
Mar 27 2002 // Pennsylvania isn’t the only Eastern State to experience precipitate increases in the cost of medical malpractice insurance. A report in the New York Times reveals premium increases of between 10 and 40 percent in...
Rutgers Study Finds NJ Auto Insurance Laws Fundamentally Flawed
Mar 20 2002 // A study by John D. Worrall, professor and chair of economics at Rutgers University – Camden, concludes that “New Jersey’s auto insurance laws are fundamentally flawed, guaranteeing an inefficient and...
Gallagher Acquires Conn., NJ Brokers
Mar 14 2002 // International broker and risk manager Arthur J. Gallagher & Co. announced that it has completed the acquisition of Life Plans Unlimited, Inc. of Fairfield, Connecticut and Tom Sherwin Insurance Agency of Haddonfield,...
Proposed N.J. Regulation Offers Relief on Excess Profit Rule
Mar 11 2002 // The New Jersey Department of Banking and Insurance is proposing a regulation (PRN2002-103) that would change the way insurers calculate profits on personal automobile insurance. New Jersey statutes establish a reasonable...
NAII Says Court Ruling Victory for N.J. Auto Reform
Mar 8 2002 // The New Jersey Appellate Court’s March 4, 2002 decision to uphold the pre-certification medical guidelines of the Auto Insurance Cost Reduction Act of 1998 (AICRA) is a positive step in promoting true auto reform,...
James Tignanelli Named to Head Prudential’s NJ P/C Operations
Feb 12 2002 // James A.Tignanelli will take over as head of Prudential New Jersey’s property/ casualty business, following his appointment as president of The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC...
OneBeacon Strengthens Management Team in NY/NJ Metro Region
Feb 5 2002 // Boston-based OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group, Ltd. announced the appointment of two new members to its field management team. Both will report to John Cavoores,...
NJ Grants Mold Exclusion for Surplus Lines
Jan 21 2002 // Reversing an earlier decision, New Jersey’s Department of Banking and Insurance announced that it will allow the exclusion of coverage for toxic mold from policies offered by the State’s surplus lines...
Hartford Sues NJ Auto Fraud Ring
Jan 15 2002 // The Hartford has filed a civil action in Morris County State Court against 27 New Jersey residents, charging that they conspired to stage motor vehicle accidents and fake injuries to generate hundreds of thousands of...
