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NJM Insurance Group, originally known as New Jersey Manufacturers Casualty Insurance Company, formed as a workers’ compensation insurance company on June 7, 1913, two years after New Jersey passed the Workmen's Compensation Act [4] which required all employers to carry insurance coverage for injured workers. [5]
Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence. The trade-off between assured, limited coverage and lack of ...
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
Three Ocean County companies that owe a total of $135,000 in penalties to the New Jersey Department of Labor and Workforce Development for failing to provide adequate workers' compensation ...
More than 4,300 New Jersey workers are owed more than $6 million in back wages, federal labor officials announced on Tuesday. The back wages, totaling $6,028,660, was recovered by the U.S ...
More than 2,000 NJ workers will lose their jobs by year’s end. Gannett. J. Staas Haught, USA TODAY NETWORK. July 2, 2024 at 6:07 AM. In New Jersey, employers are required to tell the state when ...
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