“So far in 2022 New Jersey’s job performance has been relatively impressive,” said Garden State Initiative contributor Charles Steindel. “From December to April our job numbers have increased 1.8%, beating the nation’s 1.4% increase."
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Money
NJM Insurance expands coverage for NJ businesses
“The product launch is the culmination of NJM’s multi-year strategic plan to meet all of the insurance needs of businesses throughout the Mid-Atlantic region,” Mitch Livingston, NJM president and CEO, said in a statement. “For over a century, NJM has been New Jersey’s premier workers’ compensation insurer with a reputation for providing superior service and value to policyholders. We are pleased to offer that same commitment to businesses in need of a commercial package policy throughout our region.”
Read More »Republic Bank CEO Hill files federal lawsuit to stop ouster
The move is the latest in a series of events that began with the death of a board member last week and has taken the battle for control of the bank to another level.
Read More »Norcross withdraws Republic Bank lawsuit, Hill moves to block ouster (updated)
The moves come on the heels of a whirlwind chain of events that built to a fever pitch last week with the passing of a longtime board director.
Read More »World Insurance Associates acquires Metuchen agency
Founded in 1968, Lubowicki Insurance Agency Inc. offers car, home and business insurance in Middlesex, Somerset, Union, Monmouth and Hunterdon counties.
Read More »Chatham investment firm moves to acquire Vericast for $2.85B
Chatham Asset Management LLC owns about half of the outstanding indebtedness of the San Antonio-based marketing company, with the purchase price representing the value of outstanding indebtedness.
Read More »Crum & Forster division promotes longtime exec to CMO
Lauren Woods, who joined the Accident & Health group in 2006, has had responsibility for its marketing and communications, business development and direct employer stop loss sales for several years. In 2018, she took over leadership of the company’s corporate communications team.
Read More »Hill out as Republic Bank chairman, Madonna named interim
As the fight for control of the institution seems to take a turn, the board of directors appointed Harry Madonna, founder and former chairman and CEO, to succeed Vernon Hill in the role on an interim basis, effective immediately.
Read More »NJ job market improves, but gains are uneven
"Last April, our workers were in dire straits,” Labor Commissioner Robert Asaro-Angelo told the Assembly Budget Committee. “The unemployment rate was 7.7%, and our workforce was barely half of its pre-pandemic levels. Today, the rate is down to 4.2%." But with these accomplishments, there are challenges his department still faces.
Read More »Statewide chambers to administer NJEDA small business bonding program
Launched in 2018, the initiative provides training and surety bonding education through a series of workshops and strategic counseling sessions to help better prepared companies to bid on government contracts.
Read More »Death of Republic Bank director could reshape proxy fight
Ted Flocco was closely aligned with CEO Vernon Hill, who is battling with a group headed by George Norcross III for control of the bank.
Read More »Majesco launches first phase of rebranding
The Morristown-based insurance technology company unveiled a new logo and tagline, part of its move to better align its look with its growth strategy.
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