The New Jersey state Senate has passed the New Jersey Insurance Fair Conduct Act, which would permit a consumer to bring a private cause of action lawsuit against an insurer accused of an unreasonable claim denial or delay in payment of benefits.
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NJ Bill on Insurance Lawsuits Includes NAIFA-Supported Amendment Excluding Producers
By NAIFA on 2/2/21 9:26 AM
Topics: Property & Casualty Insurance State Advocacy New Jersey
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NAIFA-NJ Pushes Back on Senate Bad Faith Bill
By Julie Harrison on 1/28/21 3:13 PM
NAIFA-NJ recently put out a call to action to its members, asking them to contact their state senators to vote "No" on S-1559. The bill, the New Jersey Insurance Fair Conduct Act, would establish a private cause of action for first-party claimants against an auto insurer for an unreasonable delay or denial of a claim or for violating statutes prohibiting unfair or deceptive acts or practices.
Topics: Property & Casualty Insurance State Advocacy New Jersey
1 min read
NAIFA-IL Urges Governor to Veto Prejudgment Interest Bill
By NAIFA on 1/21/21 4:22 PM
NAIFA-IL has sent a call to action to its members to urge Gov. J.B. Pritzker to veto a bill that sets a prejudgment interest at the rate of 9% per year on all tort actions seeking recovery for personal injury or wrongful death.