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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]
One of the chief concerns of the association's founding members was the Employer's Liability Act. In 1911, the association formed the New Jersey Manufacturers Insurance Liability Co., with the goal of providing for the medical care of injured workers, as well as giving employers steady rates and incentives to keep their workplaces safe. [4] [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 ...
As of 2026, the new mandatory minimums for standard car insurance policies in New Jersey will be: $35,000 bodily injury liability per person $70,000 bodily injury liability per accident
In New Jersey, the cost of car insurance tends to be on the higher side, with the average annual expense for full coverage hovering around $2,547 and minimum coverage at about $1,028, according to ...
Key takeaways. $15,000 of PIP insurance is legally required in New Jersey, but you can purchase up to $250,000 of PIP for additional protection.
New Jersey Manufacturers Insurance Company - Insurance Company; New Jewel Movement - populist Marxist political movement in Grenada; New Justice Machine - comic trilogy; New Youth of Macau (Nova Juventude de Macau) - a political party in Macau
It is more specific and detailed re: the company’s founding and replaces NJM’s link with an external one. "NJM was founded in 1913 to provide workers’ compensation for New Jersey businesses. NJM’s initial goal was to create safe working conditions and reduce the frequency of injury, according to the company’s history website." [1]