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In one year, $774 million of auto insurance profits were made in New Jersey. This is according to a recent analysis released by the National Association of Insurance Commissioners (NAIC), a nonpartisan group of regulators from every state. The NAIC, along with a countrywide publication, the Auto Insurance Report compiled and reviewed this data. These numbers are the most honest and accurate available.
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TRENTON, N.J., February 16 – There are more than five million motorists carrying car insurance in New Jersey, and more than half of them buy liability coverage of more than $100/300,000.
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TRENTON, N.J., February 16 – New Jersey Manufacturers of Trenton is the top car insurance seller in New Jersey, latest figures show.
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Long-abused New York drivers have paid among the nations highest auto premiums while octopus-like staged accident rings ran amok for years.
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TRENTON, N.J., February 3 – An insured is still responsible for any awards over $300,000, even though they had coverage up to $1 million that became void when his insurance company went insolvent, the state supreme court reluctantly ruled in an automobile injury case.
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TRENTON, N.J., January 31 – The state became $16.5 million richer last year because motorists did not have their drivers license, car registration and insurance identification card with them while driving.
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TRENTON, N.J., January 22 – The new legislative session has hardly started but already there are four bills introduced to restore the quality of life definition as a permanent injury to pierce the lawsuit threshold for pain and suffering lawsuits.
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Plaintiff was injured when she stepped from a bus into a defect in the pavement. A Kings County jury returned a verdict for plaintiff. The Appellate Division affirmed.
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