In celebration of Women’s History Month, I sat down with Lydia Bashwiner, Esq., CWCP, NJWCP, from Otterstedt Insurance Agency Inc. Lydia is the treasurer of New Jersey PIAPAC, as well as the chair of the PIANJ Legislative and Regulatory Affairs Committee. We discussed...
The Department of Banking and Insurance began the process of amending to the state’s continuing-education regulations earlier this month. The DOBI sent an advance notice of rulemaking to PIANJ—as well as other stakeholders—outlining the amendments they are proposing....
Gov. Phil Murphy signed S-1559 into law on Tuesday, which allows consumers to bring “bad-faith” lawsuits against insurers to recover certain damages and expenses. Specifically, the new “bad faith” law—which goes into effect immediately—allows consumers to bring...
New Jersey’s 220th legislative session kicked off Jan. 11, 2022, and quickly shifted into high gear. As we learn to live with COVID-19, legislators, staff members and many advocates returned to the halls of the State House as the Legislature got back to work...
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...