Proof of auto insurance laws change in New Jersey

auto insurance young driver

The state has now legalized electronic coverage cards at the same time that license plate rules have been altered. Two new laws have now become active in New Jersey that will have an impact on drivers, the first of which involves the way that they can provide proof of their auto insurance coverage and the other has to do with their license plates, which stated that plates can no longer be obscured. The first makes it possible for drivers to provide proof of insurance in an electronic form, such as…

Read More

Law in New Jersey aims to curb auto insurance fraud

Auto Insurance Fraud

New law will place harsher fines on those that commit auto insurance fraud in the state New legislation in New Jersey aims to make auto insurance fraud a more serious crime. State lawmakers have approved legislation that would leverage harsh penalties against those that commit insurance fraud, particularly for those that avoid paying premiums for their coverage. The Coalition Against Insurance Fraud notes that premium dodging is a significant problem in New Jersey, particularly in areas where auto insurance tends to be more expensive. New Jersey is home to the…

Read More

Flood insurance claims probe sought by New Jersey Senator

Hurricane Sandy Damage flood Insurance surcharge

U.S. Sen. Robert Menendez feels that victims of Superstorm Sandy were shortchanged by insurers. According to U.S. Senator Robert Menendez (New Jersey), the Federal Emergency Management Administration (FEMA) should be conducting an investigation into allegations that are being made that flood insurance companies that have been handling the flooding damage claims from Superstorm Sandy are manipulating the situation in order to shortchange policyholders. Senator Menendez held a press conference from his office in Newark, New Jersey. At the press conference, Senator Menendez called for Craig Fugate, the FEMA Administrator, to…

Read More

Aetna pulls out of New Jersey health insurance exchange

New Jersey Health Insurance

Company opts to not participate in state health insurance exchange Aetna, one of the largest health insurance companies in the U.S., has announced that it will not be participating in the New Jersey health insurance exchange. The exchange is set to begin open enrollment on October 1 this year, and is meant to provide consumers with access to affordable health insurance plans. Aetna was expected to be a prominent participant in the exchange, but disagreements with state officials may have discouraged the company from participating in the state’s exchange. Aetna…

Read More

Insurance news from New Jersey includes public adjuster charged with fraud

Insurance fraud decision

The charges were laid in the midst of a larger probe of the sector within the state. Prosecutors in New Jersey have just revealed the latest insurance news, which includes their performance of an investigation into public adjustors, as a part of a probe that seeks evidence of fraud. As a part of these headlines, a man from Monmouth County has received fraud charges. The charges in this insurance news include an attempt to use a phony claim to receive payments from the New Jersey Manufacturers Insurance Co. The public…

Read More