A bill (A-4643) that would amend the law related to physical damage inspections—often referred to as photo inspections—was introduced in the state Assembly last week. Currently, insurers are prohibited from providing physical damage coverage for an automobile prior to...
PIANJ-supported legislation, A-389, which would create a safe harbor for insurance producers and carriers working with a cannabis-related business was reported out of the state Assembly Financial Institutions and Insurance Committee—a major step toward the bill...
The Department of Banking and Insurance formally published proposed amendments to the state’s insurance producer continuing-education regulation earlier this week. Under the proposed amendments to N.J.A.C. 11:17-3.6 would: allow producers to carry over up to 12 CE...
Legislation that would prohibit the use of step-down provisions in personal auto policies was introduced in the state Senate last week. Generally, step-down provisions are found in some personal auto policies. They act to reduce the amount of coverage to which an...
The state Legislature may have been on summer recess, but its impact was still felt as two compulsory insurance bills were signed into law by Gov. Phil Murphy on Aug. 5. Increase in auto limits S-481, sponsored by Sen. Nicholas Scutari, D-22, and Assemblyman Louis...
Two bills passed the New Jersey state Legislature last week, which would impact the personal auto and commercial insurance marketplace, respectively. The auto limits bill was amended in the state Senate. Increase in auto limits S-481, sponsored by Sen. Nicholas...
For the first time in three years, some 1,500 insurance professionals from New Jersey and New York gathered, live and in-person at a new location—the Hard Rock Hotel Casino in Atlantic City—for two-and-a-half days for the return of the Annual Conference hosted by...
Senate Six months into the job as state Senate President, Sen. Nicholas Scurtari, D-22, is looking to put his stamp on New Jersey’s automobile insurance marketplace. Last week a series of bills—sponsored by Scurtari—passed the Senate Commerce Committee. If signed into...
Recently, the Superior Court of New Jersey, Appellate Division held in the case of Vera v. State Farm Indem. Co. that New Jersey’s no-fault law does not bar policyholders from pursuing a claim of bad faith against their insurer. How did we get here? The plaintiff and...
Legislation that would require businesses and certain rental units to carry insurance passed the state Senate (25-11) on May 26. The bill, S-1368, sponsored by Senate President Scutari, D-22, would require business owners to purchase liability insurance in an...