Coalition for Auto Insurance Competition: NJ Insurance Reform Approved by State Senate; Bi-Partisan Support Brings End of Statewide Auto Insurance Crisis Closer.Business Editors TRENTON, N.J.--(BUSINESS WIRE)--March 20, 2003 The New Jersey State Senate today passed legislation correcting years of politically influenced auto insurance regulations that have eroded the availability of coverage for drivers. Voting 29-4, the Senate approved the New Jersey Automobile Insurance Competition and Choice Act, which aims to attract more auto insurers to do business in New Jersey and provide consumers greater and easier access to auto insurance coverage. "Years of excessive regulations have turned New Jersey into a horror story horror story Story intended to elicit a strong feeling of fear. Such tales are of ancient origin and form a substantial part of folk literature. They may feature supernatural elements such as ghosts, witches, or vampires or address more realistic psychological fears. for drivers seeking insurance," said John Friedman, chairman of the Coalition for Auto Insurance Competition. "Thanks to bipartisan leadership, New Jersey drivers are closer to reaping the benefits of a truly competitive auto insurance marketplace." Politicizing and over regulating auto insurance is the root cause of the state's exodus of auto insurers, leaving consumers too few companies from which to purchase auto insurance. Five of the six largest auto insurers in the nation do not sell auto coverage in the state and more than twenty auto insurers have left New Jersey in the past decade. "Considering the New Jersey's nationwide reputation to over regulate auto insurance, today's Senate vote has tremendous significance," said Friedman. "Today's bi-partisan vote is confirmation that lawmakers are serious about true reform. For drivers, today means there is hope that our auto insurance crisis may be near an end. But first, the Assembly needs to immediately follow the Senate's lead and pass this bill now. Drivers can't wait any longer." The Coalition members include the National Association of Independent Insurers, Insurance Council of New Jersey, American Insurance Association, New Jersey Chamber of Commerce, Independent Insurance Agents of New Jersey, Citizens for a Sound Economy Citizens for a Sound Economy (CSE) is a conservative political group operating in the United States, whose self-described mission is "to fight for less government, lower taxes, and less regulation. , National Association of Mutual Insurance Companies, New Jersey Association of REALTORS(R), Professional Insurance Agents of New Jersey, New Jersey Food Council, New Jersey Retail Merchants Association, NJ SEED (Society for Environmental, Economic Development) Latino Chamber of Commerce of Mercer County Mercer County is the name of several counties in the United States:
CHOICE AND COMPETITION Municipalities supporting New Jersey Automobile Insurance Competition and Choice Act Avon-By-The-Sea Borough Barrington Borough Bernards Township Boonton Town Branchville Borough Brooklawn Borough Buena Vista Township Butler Borough Cape May Cape May, city (1990 pop. 4,668), Cape May co., S N.J., on Cape May peninsula and the Atlantic Ocean; settled in the 1600s, inc. 1857. One of the nation's oldest beach resorts, it became known in the mid-19th cent. City Freehold Freehold, borough, United States Freehold, borough (1990 pop. 10,742), seat of Monmouth co., E central N.J.; settled c.1650, called Monmouth Courthouse (1715–1801), inc. as a town 1869, as a borough 1919. Borough Frelinghuysen Township Garfield City Glassboro Borough Harrison Town Hillside Township Jefferson Township Jefferson Township may refer to:
Laurel Springs Borough Little Ferry Borough Long Beach Township Mantoloking Borough Maurice River Township Middlesex Borough Millburn Township Millville City North Arlington North Arlington, borough (1990 pop. 13,790), Bergen co., NE N.J., a residential and industrial suburb of Newark, on the Passaic River; settled 1700s, inc. 1896. Borough North Wildwood Wildwood, city (1990 pop. 4,484), Cape May co., SE N.J., on an island off Cape May; settled 1882, inc. as a city 1911. It has large commercial fisheries and is a popular summer seaside resort with many vintage motels and other buildings from the 1940s–60s. City Ocean Township Ocean Township may refer to either of two settlements in New Jersey:
Passaic City Pennsville Township Point Pleasant Beach Borough Somerville Borough Tuckerton Borough |
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