New Jersey Developments Archives - Page 5 of 7

New Jersey Passes Autism Coverage Legislation; Massachusetts Considering Same

Jul 7, 2009 | Healthcare, Massachusetts Developments, New Jersey Developments, Reinsurance | United States

Late last month, the New Jersey legislature passed A2238/S1651 (the “NJ Act”), which requires group health insurers to provide coverage for the diagnosis and treatment of autism spectrum disorders. Specifically, policies must provide coverage for treatments that are deemed medically necessary by the autistic person’s physician including behavioral therapy, physical therapy, speech therapy, and occupational therapy.

Doug A. Wheeler Confirmed as New Jersey Insurance Director

Jul 2, 2009 | Industry Developments, New Jersey Developments | United States

On June 26, 2009, the New Jersey Department of Banking and Insurance (“DOBI”) issued a press release announcing the Senate confirmation of Douglas A. Wheeler as the new Director of the Division of Insurance.

New Jersey Senate Considering Ban on Credit-Based Insurance Scoring

May 20, 2009 | New Jersey Developments, Regulatory | United States

On May 4, 2009, New Jersey State Senator Nia H. Gill introduced Senate Bill 2766 into the New Jersey State Senate to temporarily prohibit the use of credit-based insurance scoring by property-casualty insurers in rate-making for personal lines insurance coverage. The bill, as currently drafted, would suspend such use of credit-based insurance scoring until June 30, 2011.

New Jersey Senate Committee Begins Review of Catastrophe Fund Bill

May 11, 2009 | Catastrophe Claims, New Jersey Developments, Regulatory | United States

Last week, the New Jersey Senate Commerce Committee began its review of the New Jersey Consumer Catastrophe Preparedness and Protection Act, S. 2089 (the “Bill”), by hearing testimony from representatives of the insurance industry and first responders. We previously reported about a version of the Bill that was introduced last year, but was never enacted.

Legislation Proposed in Connecticut and New Jersey Allows for Direct Action by Claimants for Unfair Claims Settlement Practices

Mar 26, 2009 | Connecticut Developments, Coverage & Claims, New Jersey Developments, Regulatory | United States

Legislation is under consideration in Connecticut and New Jersey that may significantly expand a claimant’s ability to directly sue an insurer over unfair claims settlement practices.

New Jersey Issues Bulletin Regarding Annuity Form Filing and Suitability Requirements

Mar 17, 2009 | Life Insurance & Annuities, New Jersey Developments, Regulatory | United States

In September 2008, the New Jersey Legislature enacted Senate Bill 1165 (the “Act”) setting forth standards and procedures with respect to the direct solicitation of consumers regarding annuity products. The Act is designed to prevent the fraudulent and misleading marketing of annuity products by insurers, brokers and agents, and to provide standards for the disclosure of information about such products to consumers.

District Court Affirms Summary Judgment for Insurer in Employee Theft Case

Mar 13, 2009 | Coverage & Claims, New Jersey Developments | United States

The federal district court for the district of New Jersey recently denied an insured’s motion for reconsideration of its prior award of summary judgment in favor of its insurer. Pine Belt Automotive, Inc. v. Royal Indemnity Co., et al., Civil Action. No. 06-5995 (D.N.J. Feb. 19, 2009).

Court Approves Marsh’s $69 Million Settlement in Insurance Brokerage Antitrust Class Actions

Feb 23, 2009 | Antitrust, New Jersey Developments | United States

A federal district court in New Jersey has granted final approval of a $69 million settlement by Marsh & McLennan Cos. Inc. and other Marsh defendants in In re Insurance Brokerage Antitrust Litigation, 2:04-cv-5184 (D.N.J.), and In re Employee Benefit Insurance Brokerage Antitrust Litigation, 2:04-cv-1079 (D.N.J.).

NJ Supreme Court Finds Umbrella Policy Issued by Excess/Surplus Lines Carrier Not Subject to Automatic Renewal Statute

Feb 11, 2009 | Excess and Surplus Lines, New Jersey Developments, Regulatory | United States

The New Jersey Supreme Court has held that an umbrella policy issued by an excess/surplus lines insurer was not subject to the state’s automatic renewal statute. New Jersey has a statute which provides that no policy shall be “nonrenewed” on its expiration date unless a valid written notice of nonrenewal has been sent to the insured.

Edwards Angell Palmer & Dodge Webinar: ‘Mortgage-Backed and Auction-Rate Securities: Structure, Litigation and Insurance Issues’

Sep 26, 2008 | Connecticut Developments, Florida Developments, Industry Developments, Massachusetts Developments, New Jersey Developments, New York Developments, Subprime/Credit Crisis Developments | Bermuda, Hong Kong, United Kingdom, United States

Edwards Angell Palmer & Dodge’s Insurance and Reinsurance Department will host a webinar on the above topic on Monday, September 29, 2008 at 12:00 PM EDT / 5:00 PM BST.

Topic: New Jersey Developments

New Jersey Passes Autism Coverage Legislation; Massachusetts Considering Same

Doug A. Wheeler Confirmed as New Jersey Insurance Director

New Jersey Senate Considering Ban on Credit-Based Insurance Scoring

New Jersey Senate Committee Begins Review of Catastrophe Fund Bill

Legislation Proposed in Connecticut and New Jersey Allows for Direct Action by Claimants for Unfair Claims Settlement Practices

New Jersey Issues Bulletin Regarding Annuity Form Filing and Suitability Requirements

District Court Affirms Summary Judgment for Insurer in Employee Theft Case

Court Approves Marsh’s $69 Million Settlement in Insurance Brokerage Antitrust Class Actions

NJ Supreme Court Finds Umbrella Policy Issued by Excess/Surplus Lines Carrier Not Subject to Automatic Renewal Statute

Edwards Angell Palmer & Dodge Webinar: ‘Mortgage-Backed and Auction-Rate Securities: Structure, Litigation and Insurance Issues’

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