Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
Ratings Recap: First Hawaii, Cumberland, Seven Seas, Main Street
Mar 3 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of First of Hawaii Group and its members. The outlook for all of the ratings...
California Proposes to Disable Itself From Taxing 100% of Surplus Lines Premium
Mar 1 2011 // A California legislator has proposed a surplus lines bill — one effect of which will reduce California’s surplus lines premium tax revenues. On Feb. 9, 2011, California Assembly Member Solario introduced Assembly...
New Jersey Seeks Premium Refunds for Scrapped Tunnel Project
Mar 1 2011 // New Jersey is negotiating to reclaim part of nearly $162 million paid to insure the Hudson River rail tunnel project that Gov. Chris Christie scrapped four months ago. An official says locking in insurance coverage saved...
New Jersey Added 27 Insurers in 2010
Feb 22 2011 // New Jersey saw an increase in the number of new insurance companies doing business in the state, and in carriers writing new lines, in 2010, according to state officials. The state insurance department said that last year...
New Jersey Man Pleads Guilty in Car-Fire Fraud
Feb 17 2011 // A New Jersey man has pleaded guilty to torching is aunt’s car so she could collect insurance money — and pay him out of the proceeds for his role in the scheme, prosecutors said. Kristopher Wynder, of Vineland,...
New Jersey Senate Panel OKs Lower Vehicle Fines
Feb 9 2011 // A bill advanced by the Senate Transportation Committee on this week gives some New Jersey drivers a break. The bill reduces the maximum fine for driving without a license, registration or insurance card if the driver can...
Business Moves
Feb 7 2011 // Breckenridge, REcentis New York-based wholesaler Breckenridge IS has acquired a majority interest in REcentis Intermediaries, a specialty reinsurance broker with offices in California and Australia. Terms of the deal were...
Insurers Laud New Jersey Fraud-Fighting Legislation
Feb 3 2011 // The Property Casualty Insurers Association of America (PCI) says it wants New Jersey lawmakers to adopt legislations that would enhance fraud-fighting efforts. The insurers’ trade group, which testified today in...
Bollinger Acquires Charles G. Treloar Agency
Jan 27 2011 // New Jersey-based broker Bollinger has acquired Charles G. Treloar Agency Inc. of Kenvil, New Jersey. Terms of the deal were not disclosed. The agency’s employees will be relocated to Bollinger’s corporate...
New Jersey Man Gets 4 Years for $20M Insurance Scam
Jan 26 2011 // A former partner in a New Jersey-based insurance firm is going to prison for four years for his role in a $20 million loan scheme. Gavin Gatta’s company, Smith Gatta Gelok, assisted businesses in buying commercial...
Ratings Recap: Berkley National, Allstate (NJ), Preferred Physicians
Jan 24 2011 // A.M. Best Co. has commented that the financial strength rating of ‘A+’ (Superior) and issuer credit rating of “aa-” of Iowa-based Berkley National Insurance Company are unchanged following internal...
Alleged ‘Harassment’ Not Compensable for New Jersey Security Guard
Jan 24 2011 // A New Jersey woman who claimed the stress of her work as a hospital security guard left her with a psychiatric disability cannot collect workers’ compensation benefits, a state judge has ruled. The case centered on...
Captivated By Potential
Jan 24 2011 // Northeast State Have Uneven Success Attracting Captives States across the Northeast continue to look at captive insurance companies as a potential source of new business — and tax revenue — but the continued growth of...
Alleged ‘Harassment’ Not Compensable for New Jersey Security Guard
Jan 12 2011 // A New Jersey woman who claimed the stress of her work as a hospital security guard left her with a psychiatric disability cannot collect workers’ compensation benefits, a state judge has ruled. The case centered on...
New Jersey Court: Mauled Dog’s Owner Can’t Get Damages
Jan 10 2011 // Pet owners who witness their animals being killed by another creature cannot seek damages for emotional distress, a New Jersey appellate court has ruled. The decision, issued last month, came in the case of a woman whose...
New Jersey Passes Captive Insurance Legislation
Jan 10 2011 // New Jersey will soon allow captive insurers under a bill passed by the state’s legislature and expected to be signed by the state’s governor in the coming weeks. The legislation makes the Garden State a captive...
New Jersey Wants Seat Belt Safety to Click with Teens
Dec 29 2010 // New Jersey will begin a new effort next year to try to improve on a grim reality: Motor vehicle accidents remain the leading cause of death for teenagers and young adults, the age group least likely to wear seat belts. The...
New Jersey Moving to End Liability Cap for Offshore Spills
Dec 17 2010 // New Jersey is moving toward making polluters pay the full cost of cleaning up offshore spills. A bill to remove a cap on liability for oil and other spills into coastal waters was passed by the state Senate on Monday and...
New Jersey Jury Convicts Man in Bogus Insurance Scheme
Dec 16 2010 // A federal jury in New Jersey has found a California man guilty of selling bogus liability insurance policies. The jury returned its verdict against 62-year-old Ronald Allen of North Hollywood, Calif., following a seven-day...
New Jersey Court: Mauled Dog’s Owner Can’t Get Damages
Dec 13 2010 // Pet owners who witness their animals being killed by another creature cannot seek damages for emotional distress, a New Jersey appellate court has ruled. The decision issued Friday came in the case of a woman whose small...
