The New Jersey Department of Banking and Insurance released its second annual auto insurance report since reforms reshaped the marketplace and at the same time reported that another insurer is entering the market. Esurance Insurance Company, an online auto insurer, was scheduled to begin writing new private passenger auto policies on March 29. The announcement marked the third new company to enter the New Jersey marketplace since the auto insurance reforms of 2003. Progressive Insurance, the third-largest auto insurance group in the nation, said it would enter New Jersey during 2005, and GEICO is also opening an office.
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