Latest New Jersey Headlines
All the headlines from our New Jersey Topic Page, ordered by recency.
Allstate NJ, Encompass Lawsuit Seeks $22 Million in Fraud Damages from North Jersey MDs
Jun 19 2003 // Allstate New Jersey Insurance Company and its subsidiary, Encompass Insurance, announced the filing of civil actions under the New Jersey Insurance Fraud Prevention Act, in the Superior Court of New Jersey (Morris County),...
PIANJ/PIANY Joint Conference Posts Record Attendance
Jun 17 2003 // Some 1,500 insurance professionals, the highest number ever, attended the recently concluded PIANJ/PIANY Joint Conference at Bally’s Atlantic City, making it “the highest attended show ever in the...
A.M. Best Downgrades MLMIC Group, Princeton and OHIC Ratings
Jun 16 2003 // A.M. Best Co. announced that it has downgraded the financial strength rating to B (Fair) from B++ (Very Good) of the New York-based MLMIC Group, removed the rating from under review, and assigned a “negative”...
NAII Says NJ Auto Reform “Proves Viability of State Regulatory System”
Jun 12 2003 // The National Association of Independent Insurers has issued a bulletin indicating that the recent enactment of auto reform legislation in New Jersey (See IJ Website June 9) “has several important implications for the...
N.J. Gov. McGreevey Signs Auto Reform Bill; AAI Optimistic Further Changes Can Be Accomplished
Jun 10 2003 // While commending New Jersey Gov. James McGreevey (D) for signing into law on Monday important auto insurance reform legislation, the Alliance of American Insurers (AAI) warned those who want to attract and keep good auto...
PIANJ Hails Signing of N.J. Auto Reform Bill
Jun 10 2003 // The Professional Insurance Agents of New Jersey Inc. hailed Governor James E. McGreevey’s signing of S.63/A.2625, reform legislation aimed at combating the State’s auto insurance crisis (See Article in...
Report Says N.J. Doctors Seek Big Reductions in Policy Limits
Jun 9 2003 // While medical malpractice insurance reform proposals remain stalled in the New Jersey Legislature, some of the state’s physicians have decided to take matters into their own hands. They’re calling on the Board...
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...
