Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
Prudential Fraud Claims Against Goldman Sachs Over Securities Dismissed
Jan 7 2014 // Prudential Financial Inc. agreed to dismiss its claims that Goldman Sachs Group Inc. engaged in fraud and racketeering in selling $375 million of residential mortgage-backed securities, a court order shows. U.S. District...
N.J. Sen. Menendez Calls on Congress to Delay Flood Insurance Rate Hikes
Jan 3 2014 // U.S. Senator Robert Menendez (D-N.J.) on Thursday joined residents and local officials in Brick, N.J., to call on Congress to pass the Homeowner’s Flood Insurance Affordability Act. The bipartisan, bicameral bill,...
Sandy Drives Older New Jersey Residents to Senior Housing
Jan 2 2014 // Chased by Hurricane Sandy from their waterfront homes, a large number of older residents in Little Egg Harbor Township, N.J., are finding new homes among the township’s five 55-and-older developments. The migration...
N.J. Division of Highway Traffic Safety Shares New Year’s Eve Safety Tips
Dec 30 2013 // With New Year’s Eve known to be one of the biggest party nights of the year, the New Jersey Division of Highway Traffic Safety is reminding New Jerseyans to ensure they have a safe and sober way to get home should...
In N.Y., N.J., Disparities Emerge in How Quickly Sandy Victims Get Federal Aid
Dec 27 2013 // As a second New Year since Superstorm Sandy approaches, many coastal residents are still waiting for New York, New Jersey and New York City to distribute billions of federal dollars that were intended to go directly to...
USI Appoints Senior Vice President of Personal Lines in New Jersey
Dec 23 2013 // USI Insurance Services announced today that James P. Kane will join the firm as senior vice president of personal lines effective Jan. 1, 2014. Kane will be responsible for USI’s nationwide personal insurance...
Arthur J. Gallagher Acquires McIntyre Risk Management in New Jersey
Dec 23 2013 // Arthur J. Gallagher & Co. announced its acquisition of McIntyre Risk Management LLC in Cherry Hill, New Jersey. Terms of the transaction were not disclosed. Established in 2002, McIntyre Risk Management is a retail...
New Jersey Chiropractor Sentenced in $89K Insurance Fraud
Dec 22 2013 // A northern New Jersey chiropractor was sentenced to state prison for causing false documentation to be submitted to insurance companies and subsequently receiving over $89,000 to which he was not entitled. Joseph Salomone,...
New Jersey Roofer Indicted for Alleged Workers’ Compensation Fraud
Dec 22 2013 // Authorities have charged the head of a central New Jersey roofing company with stealing more than $265,000 through alleged insurance fraud. The state attorney general’s office says Charles Kelcy Pegler Sr., was...
FEMA: 17 New Jersey Towns Recognized for Reducing Their Flood Hazard Risk
Dec 18 2013 // Federal Emergency Management Agency (FEMA) said 17 New Jersey municipalities are being recognized in two awards ceremonies this week for reducing their flood hazard risk through FEMA’s Community Rating System...
NICB: Questionable Insurance Claims on the Rise in New York, New Jersey
Dec 18 2013 // New York State’s questionable claims rose 29 percent from 2010 to 2012, while New Jersey’s questionable claims were up 63 percent during the same period, according to the National Insurance Crime Bureau (NICB)....
Hoboken, N.J., Aims to Become National Model for Flood Mitigation
Dec 16 2013 // The city of Hoboken, New Jersey, was nearly swallowed by the Hudson River during Superstorm Sandy last year. Three of its electrical substations and most of its firehouses flooded, businesses and homes were submerged, and...
Former N.J. Broker Sentenced for Misappropriating $660K in Premiums
Dec 16 2013 // A former New Jersey insurance broker who misappropriated more than $660,000 in premiums owed to insurers has been sentenced to five years in state prison. Brian Mohen and his wife, Lisa Stanko-Mohen, were also ordered last...
How Insurance Industry Associations Help Those in Need
Dec 16 2013 // Big “I” member agents, along with former Washington Redskins quarterback Joe Theismann, at a Make-A-Wish event on April 21, 2013, at Pfitzner Stadium in Woodbridge, Va., to benefit local children. Big...
Jimcor Agencies in New Jersey Appoints Brokerage Specialist
Dec 13 2013 // Jimcor Agencies announced the appointment of Christopher Hudson to the position of brokerage specialist. Hudson brings more than 13 years of experience in the industry. Previously Hudson has worked with carriers, managing...
N.J. Bill Requiring New Homes Be Equipped With Fire Suppression Systems Advances
Dec 13 2013 // In New Jersey, legislation sponsored by state Sen. Donald Norcross (D-Camden/Gloucester) that would increase public safety by requiring that certain new homes are equipped with a fire suppression system was approved...
Former Tower Group Exec Joins Capacity Coverage Co. of New Jersey
Dec 12 2013 // Capacity Holdings Group and Capacity Coverage Company of New Jersey Inc., a N.J.-based retail and wholesale insurance brokerage, hired Gary Maier as senior executive vice president. In his new role, Maier will concentrate...
N.J. Insurance Exec Norcross Becomes Majority Owner of Philly Newspapers
Dec 11 2013 // Political powerbroker George Norcross is now the majority owner of Philadelphia’s two largest newspapers, although a rival holds equal power under their managing partnership. Norcross, a New Jersey-based insurance...
Former Rutgers Basketball Player Sues University Claiming Abuse
Dec 10 2013 // Former Rutgers University basketball forward Derrick Randall claimed in a lawsuit he was physically and psychologically abused by former coach Michael Rice, who was fired this year over his treatment of...
N.J. Insurance Fraud Prosecutor, Overseas Regulator Discuss Anti-Fraud Efforts
Dec 4 2013 // New Jersey’s Acting Attorney General John Hoffman announced that the South Korea’s insurance fraud regulator visited New Jersey Tuesday to learn about the successes of New Jersey’s Office of the Insurance...
