Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
New Jersey Manufacturers Insurance Co. Ratings Downgraded a Notch
Feb 5 2016 // New Jersey Manufacturers Insurance Company’s stellar financial strength rating has been downgraded a notch by A.M. Best, based on concerns about its underwriting and operating performance. The workers’...
AssuredPartners Acquires Suydam Insurance Agency in New Jersey
Feb 3 2016 // AssuredPartners Inc. announced Wednesday that it has acquired Suydam Insurance Agency in Somerset, New Jersey. Terms of the transaction were not disclosed. Suydam Insurance Agency has provided business and personal...
Sandy Electric Utility Reinforcement Effort Pays Off in Blizzard
Feb 3 2016 // Electric utilities that spent billions of dollars hardening infrastructure after Superstorm Sandy hit New York and New Jersey in 2012 say those upgrades helped keep the lights on during the Jan. 22-24 blizzard. The wind...
World Insurance Associates Acquires Alamo Insurance in New Jersey
Feb 2 2016 // World Insurance Associates LLC, an independent agency based in Tinton Falls, New Jersey, announced that it has acquired Alamo Insurance Services Inc. of Toms River, New Jersey. Terms of the transaction were not...
NOAA: Recent Northeast Winter Storm 4th Most Powerful Since 1950
Jan 31 2016 // The Jan. 22-24 blizzard was the fourth most powerful snowstorm to hit the Northeast in at least 66 years, the National Oceanic and Atmospheric Administration announced. The agency gave the storm a rating of 7.66 on the...
Post-Blizzard, N.J. Gov. Apologizes to Official for ‘Crazy’ Comment
Jan 28 2016 // New Jersey Gov. Chris Christie said Tuesday that he personally apologized after calling a New Jersey shore official a “crazy mayor” and forcefully rebutted critics who suggested the state hasn’t done...
USI Insurance Services Acquires CBDI in New Jersey
Jan 25 2016 // USI Insurance Services announced Monday that it has acquired CBDI Inc., an employee benefits wholesale brokerage operation based in Mount Laurel, New Jersey. Terms of the transaction were not disclosed. CBDI will become...
Massive Blizzard Brought Flooding to Jersey Shore, Coastal Towns
Jan 25 2016 // A massive winter storm that dumped as much as 3 feet of snow on the eastern United States raised flood waters in communities up and down the Atlantic Coast Saturday, closing roads and prompting evacuations. The first round...
New Jersey Gov. Signs Certificates of Insurance Bill
Jan 25 2016 // New Jersey Gov. Chris Christie signed the Certificates of Insurance Act (S-3270/A-4705) into law on Jan. 11. The new law will govern the use of certificates of insurance, making it illegal to request the issuance of...
New Jersey’s Residual Property Insurance Plan Raises Rates
Jan 25 2016 // The New Jersey Insurance Underwriting Association (NJIUA), the state’s residual property insurance plan, has received approval from the Department of Banking and Insurance (DOBI) to implement an overall rate increase...
Bicycle Fatalities Jumped in New Jersey in 2015
Jan 20 2016 // Preliminary state police figures indicate that cycling and passenger deaths ballooned, while motorcycle deaths and pedestrian fatalities fell last year in New Jersey. The Record reports cycling deaths jumped 64 percent to...
ProSight Specialty Hires Kenny as Senior Executive in New Jersey
Jan 13 2016 // ProSight Specialty Insurance has hired Kevin Kenny as senior executive, Strategic Initiatives. He is based in ProSight’s Morristown, New Jersey, headquarters office. In his new role, Kenny will oversee the...
New Jersey Gov. Christie Signs Certificates of Insurance Bill
Jan 11 2016 // New Jersey Gov. Chris Christie’s office announced that the governor signed the Certificates of Insurance Act (S-3270/A-4705) into law Monday. The new law will govern the use of certificates of insurance, making it...
Arch Re Expands Underwriting Team in New Jersey
Jan 8 2016 // Arch Reinsurance Company has hired John Willemsen and Bill Hopkins as managing directors for its underwriting team in Morristown, New Jersey. Willemsen joins Arch Re with over 30 years of experience, most recently as head...
New Jersey Announces Approval of New Captive Insurer
Jan 7 2016 // The New Jersey Department of Banking and Insurance has approved a captive insurer formed by the Deborah Heart and Lung Center of Browns Mills, New Jersey. The Department’s Acting Commissioner Richard J. Badolato...
N.J. Insurance Underwriting Association to Implement Rate Increase
Jan 6 2016 // The New Jersey Insurance Underwriting Association (NJIUA), the state’s residual property insurance plan, said it has received approval from the Department of Banking and Insurance to implement an overall rate...
World Insurance Acquires HTK/Hunt Traina Kennard in New Jersey
Jan 5 2016 // World Insurance Associates LLC, an independent agency based in Tinton Falls, New Jersey, announced the acquisition of the HTK/Hunt Traina Kennard Insurance Agency Inc., also based in Tinton Falls. Terms of the transaction...
Small Earthquake Shakes Parts of New Jersey, New York
Jan 4 2016 // Scientists say a small earthquake has hit in northern New Jersey. The U.S. Geological Survey says the magnitude-2.07 quake hit just before 1 a.m. Saturday, Jan. 2, roughly 2 miles northwest of Ringwood, New Jersey....
New Jersey Alerts Consumers to Safety Concerns Over ‘Hoverboards’
Jan 4 2016 // The New Jersey Division of Consumer Affairs alerted consumers that “hoverboards,” one of this past season’s hottest gift items, is being investigated by the U.S. Consumer Product Safety Commission (CPSC)...
Bribery Probe Into N.J. Lab Nets $12M, More Than 2 Dozen Doctors
Dec 29 2015 // An ongoing federal investigation of a New Jersey medical laboratory has netted guilty pleas from more than two dozen doctors, the latest from a physician who admitted taking cash bribes from lab employees. Bret Ostrager,...
