Political Action Committee
Coalition for Insurance
Become a Member of the ICNJRead more
Sponsor an ICNJ Event
Would You Like to Sponsor
an ICNJ Event?
Insurance Council of New Jersey’s
41st Annual Meeting & Conference
**Get CE, CLE and CPCU Credits for attending this conference**
AICPCU/IIA Continuing Professional Development Points for CPCUs – Pending (3.5 expected)
New Jersey Continuing Legal Education Credits for Certified Attorneys – Pending (4.2 expected)
Pennsylvania Continuing Legal Education Credits for Certified Attorneys – Pending (3 expected)
New York Continuing Legal Education Credits for Certified Attorneys – Pending (3 expected)
NJ Department of Banking & Insurance Continuing Education Credits for Producers – Pending (3 expected)
Join us for these informative and educational sessions:
The emergence of “investments” in personal-injury litigation by third party lenders will have a major impact on insurance fraud.
There is a concerning trend in the expansion of litigation loans as the financial industry has begun to monetize lawsuits and treat them as any other financial asset. These “nonrecourse” loans to claimants/plaintiffs and their lawyers are repaid contingent upon procuring a settlement or judgment for the plaintiff. While these loans may cover a claimants day-to-day expenses or medical bills while a claim or lawsuit is pending, they also can fall into the category of predatory lending. Under current law, consumer litigation funding is largely unregulated in NJ.
This panel will discuss the changing landscape for these loans and how the trend of perceived “dark money” can encourage fraudulent or frivolous claims and lawsuits, having a major impact on insurers, the litigation process and the ability to reach a negotiated settlement.
Pending legislation could upend the NJ property & casualty insurance market.
State legislative reforms are the norm for any industry and can develop organically or with deliberate intent. For a highly regulated industry such as insurance, case law, regulations and statutes all combine to provide a framework to protect policyholders and govern insurer conduct. But what happens when an onslaught of legislation gets introduced with the potential to upend the insurance industry, potentially disrupting the delicate balance that exists to provide consumers affordable, ample coverage and insurers a competitive marketplace?
This panel will highlight key legislation that could have a major impact on all lines of P&C insurance, including bills that broaden the standards by which a bad faith action can be made, redefine boardable PIP expenses, raise liability limits, eliminate the Basic Auto Policy, repeal no-fault and restrict rating criteria, to name a few.
Don’t miss this informative day to keep up to date
on the issues important to the New Jersey insurance industry.
Friday, October 19, 2018
Forsgate Country Club
375 Forsgate Drive
Monroe, New Jersey
8:30 a.m. to 12:30 p.m.
SPONSORSHIPS ARE AVAILABLE FOR THIS EVENT!
Become a Program Co-Sponsor, Lunch Sponsor, Table Top Exhibitor or put an Ad in our Program.
To take advantage of these sponsorship opportunities click here or for more information
contact Mary Novak at email@example.com or (609) 393-0025.