Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
S&P Lowers Princeton Insurance Co. Ratings to ‘Bpi’
Jun 6 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit and financial strength ratings on New Jersey-based Princeton Insurance Co. to ‘Bpi’ from ‘BBBpi’...
Alliance Opposes Proposed N.J. Restrictions on Call Centers
Jun 6 2003 // The Alliance of American Insurers testified yesterday against NJ Assembly Bill 3259, which, it asserts, “would place restrictions on insurers using call centers.” Alliance Assistant Regional Manager Richard...
MIIX Advantage Announces Subscription Offering
Jun 5 2003 // Patricia A. Costante, Chairman and CEO of MIIX Advantage Insurance Company of New Jersey, headquartered in Lawrenceville, announced a third subscription offering for MIIX Advantage(TM). MIIX Advantage is a...
PIANJ Honors Gerry Wilson as Company Person of the Year
May 30 2003 // The Professional Insurance Agents of New Jersey Inc. also announced that Gerry Wilson, president and CEO of Palisades Safety and Insurance Management Corporation, will receive the “Company Person of the Year”...
NAII Comments on Brief Opposing N.J. Appeals Court Ruling in Wrongful Death Case
May 29 2003 // The National Association of Independent Insurers has issued a bulletin commenting on its recent filing of an amicus brief, which opposes a New Jersey appeals court’s conclusion that wrongful death and survival...
Best Places Prudential’s NJ P/C Group Rating Under Review
May 27 2003 // A.M. Best Co. announced that it “has placed the financial strength rating of A- (Excellent) of the Prudential Property and Casualty New Jersey Group (PruPac New Jersey Group) (Newark, NJ) and its affiliated companies...
Palisades Group Acquires Prudential’s NJ P/C Company
May 23 2003 // The Palisades Group, based in Berkeley Heights New Jersey, announced that it has agreed to acquire The Prudential Property and Casualty Insurance Company of New Jersey (PRUPAC-NJ), the New Jersey property and casualty unit...
NAII Lauds NJ Senate’s Move to Modify Surplus Lines Regs
May 20 2003 // The National Association of Independent Insurers has roundly approved the recent action by the New Jersey Senate in passing a bill that will bring the state in line with the rest of the country by eliminating a requirement...
NAII, Alliance and AIA Comment on NJ Auto Reform Bill’s Passage
May 19 2003 // The National Association of Independent Insurers, the Alliance of American Insurers and the American Insurance Association all had favorable comments on the passage of New Jersey’s Auto Insurance Reform Act. (See...
NJ Assembly Approves Auto Insurance Reform Act
May 19 2003 // On Friday the New Jersey General Assembly unanimously approved The Automobile Insurance Competition and Choice Act (S-63/A-2625), a measure designed to correct “years of politically influenced auto insurance...
PIFC Opposes SB 850
May 13 2003 // The Personal Insurance Federation of California (PIFC) opposes SB 850 by Senator Deborah Ortiz, a bill, notes PIFC, that will pile on more regulation to an already overly regulated insurance system in the state. Dan...
PIANJ President Says Governors’ Plan May Ease Auto Insurance Crisis
May 12 2003 // David Madara, President of The Professional Insurance Agents of New Jersey Inc.and the organization’s Legislative Representative Leon Zimmerman, attended a press conference on Friday with Governor James E. McGreevey,...
NJ Independent Insurance Agents Raise Over $20,000 for Make-A-Wish Foundation
May 12 2003 // The Independent Insurance Agents of New Jersey (IIANJ) recently raised over $20,000 for the New Jersey chapter of the Make-A-Wish Foundation at their 910th Annual IIANJ Charity Golf Outing which was held on May 5, 2003 at...
PIANJ Supports Proposed “Hurricane Deductible” Regulation
May 9 2003 // The Professional Insurance Agents of New Jersey Inc. has written a letter to Assistant Commissioner Douglas Wheeler of the New Jersey Department of Banking and Insurance, indicating the organization’s support for the...
PIANJ Offers Suggestions to Help Counter State’s Auto Insurance Availability Crisis
May 8 2003 // Following the recent hearings on reforming New Jersey’s auto insurance coverage regulations, the Professional Insurance Agents of New Jersey Inc. suggested that the problem with auto insurance availability stems from...
N.J. Reform Approved by Assembly Committee
May 6 2003 // The General Assembly Banking and Insurance Committee in New Jersey approved legislation Monday that will reportedly correct years of politically influenced auto insurance regulations that have eroded the availability of...
The MIIX Group and N.J. DOBI Agree on Form of Order
May 6 2003 // The MIIX Group, Inc., based in Lawrenceville N.J., a provider of medical professional liability insurance, announced that it has agreed to an Order with the New Jersey Department of Banking and Insurance that sets forth...
Prudential “Spirit of Community Award” for N.J. Youth Volunteers
May 6 2003 // Gideon Sofer, 18, of Highland Park, N.J. was named one of America’s top ten youth volunteers for 2003 in a ceremony today at the International Trade Center, in Washington D.C., receiving a national Prudential Spirit...
Hilb, Rogal and Hamilton Acquires NJ’s Aaron Wolf Agency
May 2 2003 // Virginia-based Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance and risk management intermediary, announced that it has acquired the book of business of The Aaron Wolf Agency, Inc. of Vineland,...
Insurance Orgs. File Brief Urging NJ Supreme Court to Reverse Decision in Split Limits Case
May 2 2003 // The Alliance of American Insurers, joined by the American Insurance Association, the National Association of Independent Insurers and the Insurance Council of New Jersey, have filed an amicus curiae brief with the New...
