New Jersey Department of Banking and Insurance News

New Jersey Provides Guidance for Homeowners After Tropical Storm Isaias

The New Jersey Department of Banking and Insurance (DOBI) has provided guidance for homeowners suffering property damage caused by the recent tropical storm that rattled the state. DOBI has issued guidance for New Jersey homeowners on filing a homeowners insurance …

New Jersey Insurance Companies Directed to Provide Premium Reductions

The New Jersey Department of Banking and Insurance has directed insurance companies in the state to provide premium reductions to consumers and businesses during the COVID-19 emergency, citing reduced risk of loss due to the pandemic. The department issued a …

Temporary Licensing Process Implemented for New Jersey Insurance Producers

The New Jersey Department of Banking and Insurance (DOBI) has implemented a process for issuing temporary licenses to eligible individuals seeking to become insurance producers during the COVID-19 pandemic. The temporary process is being implemented in order to assure the …

New Jersey Governor Phil Murphy Signs Executive Order on Gun Safety

New Jersey Governor Phil Murphy has signed Executive Order No. 83, directing the New Jersey Department of Treasury, the Division of Purchase and Property, and the New Jersey Department of Banking and Insurance to promote responsible gun safety practices for …

N.J. Insurers, Regulated Entities Urged to Assist Marcal Employees Affected by Fire

New Jersey Department of Banking and Insurance Commissioner Marlene Caride last week issued a bulletin encouraging insurers and entities regulated by the department to work with and assist employees of the Marcal paper products facility who lost their jobs after …

New Jersey Reminds Residents, Insurance Companies to Prepare for Hurricane Season

The New Jersey Department of Banking and Insurance is urging the insurance and banking companies it regulates, as well as New Jersey residents, to prepare now for hurricane season, which officially begins June 1. All Garden State residents should have …

Caride Named Acting Commissioner of N.J. Department of Banking and Insurance

New Jersey Governor Phil Murphy has named Marlene Caride acting commissioner of the New Jersey Department of Banking and Insurance (DOBI), effective January 16, 2018. In this new role, Caride oversees New Jersey’s insurance, banking and real estate industries. She …

Carrier to Exit New Jersey Health Exchange Marketplace

State officials say a health insurance carrier is leaving New Jersey’s health exchange marketplace created under the Affordable Care Act, or ACA. Officials with Health Republic of New Jersey say the insurance co-op has been under “considerable financial strain” due …

New Jersey Court Backs Approval of Horizon’s Tiered Health Plan

A New Jersey appeals court upheld a decision by New Jersey regulators to approve a new alliance formed by the state’s largest health insurer. The New Jersey Department of Banking and Insurance didn’t break the rules when it approved Horizon …

New Jersey Issues Bulletin on Web-Based Travel Insurance Sales

The New Jersey Department of Banking and Insurance issued a bulletin stating that the opt-out sales process used for selling travel insurance by some web-based travel services companies would be considered unfair methods of competition. The department issued Bulletin No. …