Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
Verizon Sets Up Captive Insurer in N.J.; State Now Has 4 Captives
May 8 2012 // New Jersey officials announced this week that the state approved a captive insurance company for telecommunications services giant Verizon Communications Inc. The new captive, called Exchange Indemnity Company New Jersey...
N.J. Judge to Decide If Text Sender Liable for Car Crash
May 7 2012 // A New Jersey judge will likely soon decide whether a woman who sent a text message to a male friend can be held liable for a car crash he caused while reading the message. The Daily Record reports the legal question stems...
People – East
May 7 2012 // Marsh & McLennan Companies Inc. said Alexander Moczarski, CEO of Guy Carpenter, has assumed the additional role of chairman at Marsh & McLennan Companies International. Moczarski will continue to be based in New...
N.J. Examines Stop-Loss Insurance for Self-Insured Small Businesses
May 2 2012 // A growing number of small businesses in New Jersey are self-funding or self-insuring their employees’ healthcare costs, and they are opting out of paying fixed premiums for traditional health insurance plans like...
N.J.-Based Selective Appoints New Member to Board of Directors
May 2 2012 // Branchville, N.J.-headquartered Selective Insurance Group appointed Annabelle Bexiga as a new independent member to its board of directors. Annabelle Bexiga Bexiga is the chief information officer at TIAA-CREF, a Fortune...
N.J. Gov. Christie Undecided on Health Insurance Bill
Apr 30 2012 // New Jersey Gov. Chris Christie says he wants the state to spend as little as possible implementing new federal health insurance requirements until the U.S. Supreme Court decides whether President Barack Obama’s plan...
Former N.J. School Chief in Insurance Bribery Scheme Drops Suit
Apr 25 2012 // A former Toms River schools superintendent who admitted taking more than $1 million in bribes in a kickback scheme has dropped a lawsuit against the school district. Michael Ritacco claimed in a lawsuit filed last fall...
N.J. Stresses Importance of Financial Literacy to High School Students
Apr 24 2012 // Ken Kobylowski, acting commissioner for New Jersey Department of Banking and Insurance, is teaching teenagers about the importance of financial literacy. Ken Kobylowski, acting commissioner for New Jersey Department of...
N.J. School District Pays $4.2M to Student Paralyzed by Bully Attack
Apr 20 2012 // A New Jersey board of education says it wasn’t its decision to enter a $4.2 million legal settlement with a former student who said he wasn’t adequately protected from a bully. The Ramsey Board of Education...
N.J. Man Gets House Arrest in Boat-Sinking Scam for Insurance Money
Apr 18 2012 // A New Jersey man has been sentenced to eight months of house arrest and five years of probation for his role in a botched attempt to sink a fishing boat three years ago for $400,000 in insurance money. Fifty-year-old...
N.J.-based Broker McIntyre Group Announces Promotion
Apr 12 2012 // The McIntyre Group, a Cherry Hill, N.J.-based insurance brokerage, risk management and consulting firm, promoted Brian Hall to vice president. Brian Hall Hall joined The McIntyre Group in 2006 as a marketing executive...
N.J. Regulator Offers Advice for Avoiding Auto Insurance Fraud
Apr 12 2012 // Consumers often face important decisions on insurance, medical treatment and auto repair in the aftermath of an auto accident. But unfortunately, they can end up paying unnecessary expenses or even become victims of fraud...
N.J. Couple Gets $284K in Dispute Over Beach House
Apr 9 2012 // A New Jersey couple whose beach house was destroyed by a storm 50 years ago has finally been awarded compensation for it, but may appeal the award. Barely two years after Edward and Nancy Klumpp built their beach house in...
Former N.J. School Superintendent Pleads Guilty to Public Corruption
Apr 6 2012 // Former Toms River Regional Schools superintendent Michael Ritacco pleaded guilty to public corruption and tax evasion charges Thursday. Federal prosecutors claimed Ritacco accepted between $1 million and $2 million in cash...
N.J. Crew Members Sentenced in Failed Bid to Sink Ship, Collect $400K
Apr 5 2012 // Two men who admitted roles in a botched attempt to sink a fishing boat to collect insurance money are now headed to federal prison. Erik James of Goshen and Christopher Martin of Wildwood both received 30-month terms when...
Broker Admits Funneling Over $1M in Bribes to N.J. School Official
Apr 3 2012 // A Maryland insurance broker has admitted making more than $1 million in bribes to a former school superintendent in southern New Jersey. Seventy-year-old Francis X. Gartland of Baltimore pleaded guilty Monday to charges of...
N.J.-based Broker Bollinger Acquires Creative Agency Group
Mar 29 2012 // Short Hills, N.J.-based insurance broker Bollinger acquired Creative Agency Group in Holmdel, N.J. Creative Agency Group specializes in program business — specifically golf and county clubs, health and fitness clubs,...
N.J. Police Chief on Trial for Official Misconduct, Insurance Fraud
Mar 27 2012 // A trial got underway on Monday for Hackensack, N.J., Police Chief Ken Zisa. Zisa was suspended without pay in 2010 after he was charged with official misconduct and insurance fraud. The chief is accused of removing his...
William Gallagher Associates Appoints Senior VP in New Jersey
Mar 16 2012 // William Gallagher Associates, a Boston-based broker and risk management services provider, hired David Bachrach as senior vice president in the employee benefits practice in the Princeton, N.J., office. David...
Millions in U.S. at Risk from Rising Sea Levels: Report
Mar 15 2012 // Sea level rise due to global warming has doubled the annual risk of coastal flooding of historic proportions across widespread areas of the United States, according to a report from the non-profit research group Climate...
