Prudential cuts 54 more jobs in Newark as layoffs reach 237
Prudential filed another WARN notice in New Jersey, bringing total planned job cuts in Newark to 237 since July despite stronger recent earnings
🇺🇸 New Jersey Insurance News
Latest New Jersey insurance news from US insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from the United States.
Trump administration probes states over abortion insurance mandates
HHS investigates 13 states requiring abortion coverage, citing Weldon Amendment disputes and renewed federal enforcement stance
Full-coverage auto insurance premiums in the US drop 6% in 2025 after a 46% surge
Full-coverage auto insurance premiums drop 6% to $2,144 in 2025 after a 46% surge, but high-cost states climb and 2026 increases loom
Slide Insurance targets $250 mn Purple Re cat bond with wider storm coverage
Slide Insurance returns to the cat bond market seeking $250 mn via Purple Re 2026-1, expanding named storm coverage beyond prior deals
New Jersey mandates licenses and insurance for e-bike riders
New Jersey enacts new e-bike law requiring licensing, registration, and insurance after a series of fatal crashes involving young riders
New Jersey prosecutors charge four over $250k travel insurance fraud
New Jersey prosecutors indicted four people accused of filing fake travel insurance claims tied to trips and medical emergencies that never happened
SiriusPoint unit IMG to buy Assist America in travel assistance deal
SiriusPoint says IMG will acquire Assist America, adding $20mn in assistance revenue and expanding U.S., Asia, and Middle East coverage
New Jersey Senate backs pet insurance bill to curb premium growth
New Jersey lawmakers advance pet insurance legislation adding transparency, limits on preexisting condition denials, and new consumer protections
State-regulated insurers in New Jersey face new caps on vital medication costs
New Jersey adopts final rules forcing state-regulated insurers to cap out-of-pocket costs for insulin, asthma inhalers, EpiPens and expand hearing-aid coverage
Insurtech Neutrinos unveils venture studio and global “Reimagining Risk” challenge
Neutrinos launches a venture studio and a global risk-focused startup challenge to speed AI-native innovation for insurers and financial institutions
Northeastern Insurance files Chapter 15 in NY over sex abuse claim surge
Bermuda-based Northeastern Insurance seeks Chapter 15 protection in New York after 55 sex abuse claims under NY’s Child Victims Act exceed its assets
October storms bring $100 mn+ insured losses across U.S. coasts and Alaska
A series of severe storms across the U.S. and Alaska in mid-October could leave insurers with losses in the hundreds of millions
WTW sues Howden over broker team poaching, claims “coast-to-coast” raids
WTW accuses Howden of poaching brokers and clients through nationwide raids, moving millions in business within days of staff departures
Simplicity acquires Professional Planning Services, expands wealth platform
Simplicity Group buys Professional Planning Services, adding new partners and strengthening its holistic wealth and protection offering in Summit, NJ
Progressive and Protective face $6 mn liability clash after bayshore mall ruling
A federal court ruling and a brewing payout fight have drawn Progressive and Protective Insurance into a high-stakes professional liability dispute
Reliable Transportation Association rolled out a Physical Damage auto insurance program
Reliable Transportation Association (RTA), a managing general agent and Lloyd’s of London coverholder, has rolled out a Physical Damage insurance program for commercial auto
AI insurtech Floodbase launches on-demand U.S. flood mapping tool for insurers
Floodbase has rolled out a near-real-time flood mapping platform across the continental U.S., offering on-demand event-based licensing
Chubb named Ana Robic as regional president for Europe, the Middle East, and Africa (EMEA)
Chubb has named Ana Robic as the new regional president for Europe, the Middle East, and Africa (EMEA), stepping into the role previously held by David Furby
Merchants Insurance Group adopts CLARA Analytics AI to improve claims processing
CLARA Analytics announced that Merchants Insurance Group has adopted Claims DocIntel Pro and CLARA Triage for its auto liability claims
U.S. Senate proposes bipartisan flood insurance tax credit bill
A new bipartisan bill in the U.S. Senate aims to support low- and middle-income homeowners facing rising flood insurance premiums. The Flood Insurance Affordability Tax Credit Act
State Farm subsidiaries accounted for 7 of the top 10 personal auto premium hikes
State Farm subsidiaries in multiple states accounted for 7 of the top 10 personal auto premium hikes in Q2, according to an S&P Global
CoreLogic Home Price Index: U.S. home prices increased by 4.5%
CoreLogic, a global property information, analytics and data-enabled solutions provider, released the CoreLogic Home Price Index and HPI Forecast
U.S. insurers paid out more than $1 bn in dog-related injury claims
U.S. insurers paid out more than $1 bn in dog-related injury claims in 2022, a double-digit percentage increase over 2021 even though the number of claims
Insurance policies often cover dog bite liability, providing financial protection for the owner against claims from bites or other injuries caused by their dog
Growing demand for pet insurance policies and rise in need for financial safety in case of surge in boost the growth of the global pet insurance market
A recent survey pet insurance buyers in the UK about their feelings on pet insurance pricing, availability, products and service offering
Pet insurance is a service for pet owners seeking a financial safety net in case their animal gets sick or injured and requires expensive veterinary treatment