New Jersey auto insurance companies prepare for lawsuit influx

Auto Insurance Companies - Lawsuit

Only days after the new bill was signed in the state, a major insurer was already facing two bad faith lawsuits. After having been signed only a handful of days, a New Jersey statute allowing consumers to file lawsuits accusing auto insurance companies of bad faith had already resulted in one major insurer facing two of those suits. The newly signed bill is expected to greatly alter the shape of the personal injury ecosystem in NJ. According to lawyers representing vehicle accident victims, the new law in New Jersey makes…

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Fair auto insurance practices bill passes New Jersey legislature

Auto insurance Law

The new law got the nod from the NJ General Assembly and Senate at the start of this week. A new auto insurance law was just approved by the New Jersey General Assembly and Senate, focused on improved enforcement of fair practices. The law allows people injured in car accidents to file civil lawsuits against insurers. The New Jersey Insurance Fair Conduct Act makes it possible for auto insurance policyholders to sue their insurers if they are unreasonably denied a claim for underinsured or uninsured coverage. They may also do…

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