New Jersey’s insurance commissioner, Tom Considine, is expected to resign his office next month in preparation for a return to the private sector.

New Jersey issued a certificate of authority, effective July 1, to its first captive insurance company, according to state insurance regulators.

The New Jersey Department of Banking and Insurance sent four staff members to assist in Alabama this week as part of a national volunteer effort to assist residents who suffered damages from tornadoes last month.

The paperwork that insurance agents and brokers have to complete each day to ensure their clients obtain the proper coverage and to avoid regulatory intervention is incredibly challenging and time-consuming. Every agent knows: Make a small mistake and someone could suffer.

New Jersey’s insurance commissioner says his state’s recent agreement, calling for cooperation and coordination with the United Kingdom’s Financial Services Authority, may be at the forefront of a trend toward collaborative deals on regulation.

New Jersey Department of Banking and Insurance (DOBI) Commissioner Tom Considine recently issued a reminder to consumers to discuss flood coverage with their insurance agents.

New Jersey achieved its twofold mission of “promoting the growth and financial stability” of insurance companies and “protecting consumers” in 2010, according to state oficials.

Surplus lines producers in New Jersey cannot charge an originating broker a fee of greater than $50 through Oct. 1, according to a reminder from state insurance regulators.

The New Jersey Department of Banking and Insurance plans to stop printing and mailing licenses to insurance agents and public adjusters, starting Aug. 1.

New Jersey insurance regulators are warning state residents who bought health insurance from a collection of Tennessee-based trade associations that have been shut down to file claims for any losses by Aug. 31.