IIANJ Urges Companies to Consider N.J. Market Following Auto Reforms

June 25, 2003

Leaders of The Independent Insurance Agents of New Jersey, which represents over 700 small businesses in the state, gathered at the New York Hilton on Sunday morning to meet with insurance company executives to discuss the New Jersey Automobile Insurance Marketplace.

Jeanne Heisler, IIANJ’s Automobile Reform representative, told them: “Over the past 30 years New Jersey automobile reform has focused on reducing rates and increasing regulatory requirements. This new legislation was a collaborative effort of many industry and consumer groups and focuses on regulatory reform for insurance companies. With a competitive marketplace, automobile rates will stabilize and the consumer will win.”

She was speaking during a presentation to members of Future One, which the bulletin described as “a cooperative effort of the Independent Insurance Agents and Brokers of America (IIABA) and more than 25 leading insurers established to offer a coordinated message to consumers and regulators while providing a forum for agents and companies to address key industry concerns.” Its two main areas of focus are state government affairs and research.

Denise Ronan, IIANJ’s Chairman and Scott Stanford, IIANJ’s Chairman Elect, also participated in the roundtable discussion with members of various insurance company representatives. Following the Future One presentation, IIANJ’s leaders continued their “sell” of the New Jersey Marketplace to various company executives attending a meeting hosted by Commissioner Holly Bakke at the National Association of Insurance Commissioners Summer Session. The Commissioner has been telling companies, “New Jersey is open for business!”

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