The New Jersey Business & Industry Association continues to oppose legislation that will result in consumers and businesses paying more for auto insurance due to litigation costs. The “New Jersey Insurance Fair Conduct Act,” also known as the “bad faith” bill, is being voted on by the Senate today. It proposes to create a private cause of […]
Auto-Insurance
Auto Policyholders Urged to Contact Senators on ‘Bad Faith’ Insurance Bill
A grassroots campaign is underway to stop the latest version of the “Bad Faith” legislation listed on the Senate agenda for Thursday because the bill, if enacted, could lead to higher auto insurance premiums. The bill, S-1559, would make it easier for people to take insurance companies to court over perceived unfair or unreasonable practices. If enacted, it would open the floodgates to lawsuits that would be costly for insurers to defend against or settle. […]
‘Bad Faith’ Bill Opens Door for Costly Litigation, Raised Premiums for Consumers, Businesses
The New Jersey Business & Industry Association opposed legislation on Thursday that could result in consumers and businesses paying more for auto insurance due to litigation costs. In written testimony submitted to the Senate Commerce Committee, NJBIA Chief of Government Affairs Chrissy Buteas said the “New Jersey Insurance Fair Conduct Act,” also known as the “bad […]
NJ Businesses, Colleges Doing their Part for COVID-19 Relief
As New Jersey businesses and nonprofits face unprecedented challenges brought on by the coronavirus pandemic, NJBIA is highlighting some of the unique and uplifting ways businesses are responding across the state. Share your good news story with us on social media at #NJBIAtogether or email us at communications@njbia.org. Audible Teams with Newark Restaurants to Provide […]
Bad Faith Bill a Bad Deal for Consumers
Consumers could wind up paying as much as 40 percent more for auto insurance due to litigation costs under a “bad faith” bill scheduled for a vote in the Senate today, the New Jersey Business & Industry Association (NJBIA) said. The association is urging legislators to vote “No” on S-2144. “Let’s be clear: a vote […]