The New Jersey Offer of Judgment Rule encourages settlements by requiring parties to examine the merits of their case. It can be a very powerful tool in negotiating a settlement for an injured victim, especially where an insurance company refuses to make a reasonable offer. The rule, set forth at...
On August 5, 2022, Governor Phil Murphy signed bill S-481/A-4291, increasing automobile insurance coverage minimums. This is the first increase to the state minimums since they were first established.
Pursuant to the new law, the minimum amount of liability coverage for a standard automobile insurance policy increases to...
As the names suggest, Uninsured Motorist (UM) and Underinsured Motorist (UIM) coverage is the portion of an insured’s own policy of insurance under which he may be compensated for injuries and losses he suffers at the hands of uninsured/underinsured drivers. Uninsured Motorist coverage is applicable in accidents involving hit-and-run (or phantom vehicle) accidents or accidents where the other driver’s insurance has lapsed or is non-existent. On the other hand...
On January 18, 2022, Governor Phil Murphy signed The New Jersey Fair Conduct Act, allowing policyholders to pursue a private cause of action against their insurance company when the insurer unreasonably delays or denies uninsured (UM) / underinsured (UIM) motorist claims.
Under the new law, an insured individual claiming UM/UIM benefits may now file a civil lawsuit against their insurance company if the company...
On January 10, 2022, just before the conclusion of the 219th New Jersey Legislature, The New Jersey Insurance Fair Conduct Act (S1559/A1659) squeaked through both houses and now sits on the desk of Governor Phil Murphy.
The new law establishes a private cause of action for first-party claimants regarding certain unfair or unreasonable practices by their insurer. It continues to be hotly contested by the insurance industry...