State Banking & Insurance Commissioner Marlene Caride will speak at NJBIA’s Virtual Town Hall event on Oct. 13 and answer questions on issues impacting New Jersey business. The live event, co-sponsored with the New Jersey Chamber of Commerce, begins at 9 a.m. via video conferencing. Go here to register to attend.
Insurance
US Treasury Releases Recommendations for Long-Term Care Insurance
The U.S. Department of the Treasury has released the report of the Federal Interagency Task Force on Long-Term Care Insurance (Task Force). The report, Long-Term Care Insurance: Recommendations for Improvement of Regulation, describes the work conducted by the Task Force and presents recommendations to reform the regulation of long-term care insurance (LTCI) in the United […]
State Accepting Applications to Help People Enroll in Health Insurance
The New Jersey Department of Banking and Insurance today announced it is accepting applications for community organizations to serve as Navigators to assist residents with health insurance enrollment for the upcoming Open Enrollment Period and throughout the year. The department is making available a total of $4 million in grant funding for Navigators, in an […]
Why COVID-19 Isn’t Covered by Business Continuity Insurance
When the pandemic hit, many businesses were surprised to learn that their business continuity insurance did not cover “viral contamination.” As Connell Foley attorneys Lisa J. Trembly and Aaron H. Gould explain in a recent blog post, viral events are viewed in the insurance industry as uninsurable. They cite a white paper by the American Property […]
Misclassification, Bad Faith Bills Not Included in Final Voting Session Agenda
Legislators today will tackle the last board list for the 2018-19 legislative session, which includes a revised bill to promote electric vehicle use in New Jersey, but not legislation on misclassification of employees or expanding bad faith lawsuits in auto and homeowners insurance. Any bills not passed by noon on Jan. 14 will have to […]