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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]
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
Due to the large number of multi-state insurers, the department utilizes a national state-based system of regulation in order to help meet this core mission. The Office's Captives Unit oversees New Jersey's captive insurance market, which opened for business in 2011 [15] and currently includes ten captive insurers.
The New Jersey Business & Industry Association (NJBIA) is an employer association that provides information, services, and advocacy for its member companies. [1] It is the nation's largest state employer association with 20,000 member companies, as of 2015.
Coaction Specialty Insurance Group, Inc. is a privately owned property and casualty insurance company based in Morristown, New Jersey with offices in Glendale, California; and New York City. [1] The company is owned by TowerBrook Capital Partners and Further Global Capital Management. [2]
The Monmouth County ShopRite in Neptune, New Jersey, sold the big winner that matched lotto numbers 7, 11, 22, 29 and 38 — as well as the Gold Mega Ball number 4 and multiplier number of 2, the ...
In addition, Farmers' satisfaction level was the most improved from 2005 to 2006 among the companies surveyed. [42] In March 2006, Consumer Reports considered Farmers Insurance one of the "poorest performers" among 27 insurance companies in terms of paying off (auto) claims in 30 days or less. [43]
In August 2011, the company also introduced a claim intake app available from Apple that provides mobile access to report workplace incidents and injuries. In March 2012, the company announced revenues for the quarter ended March 31, 2012 that were a 4% increase over the previous quarter in 2011.