The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -5.3% to go into effect Jan. 1, 2022. The revision is applicable to new and renewal policies. The NJCRIB distributed Circular...
Today, employers must have effective loss controls in place before they purchase employment practices liability insurance. And yet, the current hardening of the market for such coverage shows us that rates and retentions are increasing after years of struggles....
“In politics, there is no use in looking beyond the next fortnight.” –British politician Joseph Chamberlain In other words, two weeks is a lifetime in politics, so there’s really no point in looking past that window. But on Tuesday, Nov. 2, 2021, New Jersey voters...
Gov. Phil Murphy signed A-4805 into law this week. The new law requires insurers to disclose critical information related to business-interruption coverage in commercial insurance policies to consumers. Requirements for insurers The new law serves to correct clients’...
Powell Christopher J. Powell, partner at Hardenbergh Insurance Group in Marlton, became New Jersey PIAPAC’s new chair on July 1, 2021. He has a long history of political involvement in New Jersey, which makes him perfect to lead the political arm of PIANJ. Recently, I...
This is a big election year in New Jersey. Not only are all 120 state legislators up for election, but so is Democrat Gov. Phil Murphy. While New Jersey is considered a blue state, the voters have not reelected a governor from the Democratic Party to a second term...
Legislation (S-3899/A-5901)–introduced by Sen. Joseph P. Cryan, D-20, and Assembly Financial Institutions and Insurance Committee Chair John McKeon, D-27, last week and this week, respectively—would prohibit the use of ‘step-down’ provisions in personal automobile...
Gov. Phil Murphy signed Executive Order No. 243 to expand efforts to reopen the state by further reducing mask requirements. Effective Friday, June 4, workplaces not open to the public will no longer need to require employees wear face masks or adhere to social...
As part of PIA’s Virtual Advocacy Day last week, PIANJ and NJYIP leaders met with staff from the offices of New Jersey’s congressional delegation. PIANJ and NJYIP leadership included the following: PIANJ President Steve Radespiel,PIANJ President-elect Mike DeStasio...
This year, New Jersey PIAPAC is watching the New Jersey state elections because all 120 of New Jersey’s state legislators are up for reelection in November. The deadline to register to vote is 21 days before the election, and you can check your registration status on...