Latest New Jersey Headlines

All the headlines from our New Jersey Topic Page, ordered by recency.

IIANJ Comments on DOBI’s “Three Scenarios” and Alternate Underwriting Rules

Dec 22 2003 // The Independent Insurance Agents of New Jersey recently provided input to the New Jersey Department of Banking and Insurance (DOBI) on several proposed regulations implementing the “Competition and Choice Act signed...

Coalition Against Insurance Fraud Reports Convictions Rise Nearly a Third

Dec 19 2003 // Alice Ross, an engaging 71-year-old grandmother, died when her Buick was rammed by a car packed with gang members allegedly staging a crash in Brooklyn to make fake injury claims against insurance companies. Increasingly,...

Allstate, Encompass Seek $17 Million in N.J. Fraud Lawsuit against Chiropractors, Related Co.’s

Dec 19 2003 // Allstate New Jersey Insurance Company and Encompass Insurance announced that they have filed a multi-million dollar civil complaint, under the New Jersey Insurance Fraud Prevention Act, in the Superior Court of Morris...

PIANJ Says N.J. DOBI Accepts Plan for Agents to Recoup Expenses

Dec 17 2003 // The Professional Insurance Agents of New Jersey, Inc. has issued a bulletin noting that a reform it has long supported, to allow agents to recoup certain out-of-pocket expenses, has been accepted by the state’s...

Industry People Making Moves in 2003

Dec 15 2003 // As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few...

Industry People Making Moves in 2003

Dec 15 2003 // As you will probably notice from this list, it is not scientific, preferential, etc. We retraced news coverage of this past year and tried to come to an agreement on who made headlines. We likely left off a few...

NAII Says N.J. Auto Market Emerging from ’30 Years of Mismanagement’

Dec 11 2003 // The National Association of Independent Insurers has issued a bulletin, which indicates that New Jersey’s auto insurance market, which it described as “once the nation’s poster child for the dangers of...

Proformance to Acquire MetLife Auto & Home’s Agency Produced N.J. Business

Dec 9 2003 // New Jersey’s Proformance Insurance Company announced that it will acquire the independent insurance agency-produced New Jersey auto and homeowners insurance business of MetLife Auto & Home for $10 million in...

N.J. DOBI Issues Advisory on Incorrect Auto Ratings

Dec 9 2003 // Holly C. Bakke, New Jersey’s Commissioner of Banking and Insurance has issued an advisory bulletin too “all private passenger automobile insurers authorized or admitted in this state,” concerning...

AIA, PIANJ, IIANJ Applaud N.J. Senate’s Rejection of “Verbal Threshold” Bill

Dec 8 2003 // Following a hearing, at which numerous industry representatives testified (See IJ Web site Dec.5), the New Jersey Senate on Friday, in a 5 to 1 vote, refused to send S-2533, the “verbal threshold” bill to the...

NAII, Alliance, AIA Unanimous in Opposing N.J. “Verbal Threshold” Bill

Dec 5 2003 // Representatives of the National Association of Independent Insurers, the Alliance of American Insurers and the American Insurance Association voiced unanimous opposition to changes in New Jersey’s “verbal...

N.J. Man Charged with Workers’ Comp Fraud

Dec 4 2003 // Vaughn McKoy, Director, Division of Criminal Justice, announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has charged a Camden County, New Jersey man with attempted theft, Health...

N.J. DOBI Issues Notice on Legion to Surplus Lines Producers

Dec 4 2003 // Holly C. Bakke, the head of New Jersey’s Department of Banking and Insurance, has issued a bulletin to the state’s licensed surplus lines producers requesting that they advise policyholders about the Legion...

PIANJ Congratulates CIC, CISR Designees and Scholarship Recipients

Dec 4 2003 // The Professional Insurance Agents of New Jersey Inc. recently conferred the New Jersey Certified Insurance Counselor and Certified Insurance Service Representative classes of 2003 in a ceremony at the Trump Taj Mahal in...

AutoOne Insurance to Service NJ PAIP

Dec 2 2003 // AutoOne Insurance will become the newest carrier to handle New Jersey Personal Automobile Insurance Plan (NJ PAIP) business as a Limited Assignment Distribution (LAD) servicing carrier, beginning Jan.1, 2004. The...

Former N.J. Company Employee Ordered to Pay $4,000 to Employer

Nov 25 2003 // New Jersey Attorney General Peter Harvey announced that a former employee of a Hudson County insurance agency has been ordered to pay nearly $4,000 in restitution after reportedly admitting to concocting a scheme to issue...

N.J. Commissioner Details Consumer Protection Actions

Nov 20 2003 // New Jersey’s Banking and Insurance Commissioner Holly C. Bakke has announced a number of actions, following investigations by the Department’s Market Conduct Unit. It operates within the Office of Consumer...

N.J. DOBI Gives Details on “Dollar-a-Day” Auto Policy

Nov 19 2003 // New Jersey’s Department of Banking and Insurance has issued an information statement on its website – www.nj.gov/cgi-bin/dobi/paip/paipmenu.cgi, giving details for consumers who may be eligible for the...

Former N.J. Chiropractor Pleads Guilty to Health Care Claims Fraud

Nov 13 2003 // New Jersey Attorney General Peter Harvey announced that a former Bergen County chiropractor previously convicted of insurance fraud has pleaded guilty to additional charges, including Health Care Claims Fraud for...

N.J. Sentences Man on Fraud Charges

Nov 12 2003 // Vaughn McKoy, Director, New Jersey’s Division of Criminal Justice, announced that a Hudson County man has been ordered to perform community service and pay a $5,000 civil penalty for falsely reporting that his car...