Contact Us
Make My Homepage

Big Jersey Auto Insurer Announces Pay Backs [AUDIO]

Flickr User Mulad

As an early Christmas bonus, drivers carried by the New Jersey Manufacturers Insurance Company are being paid a dividend back on their 2010 premiums.

They have been doing this for the past 18 years. N-J-M spokesman Patrick Breslin says the company, the largest auto insurer in the state, is a mutual insurer, which means policyholders share in benefits of the operations.

He says, “at the end of the year, when we know exactly how the year has gone, then we can determine what is an appropriate extra amount to return to policyholders.”

The 425-thousand checks averaging 75 dollars each, started going out last week and the mailings will continue through mid-December. The amount represents approximately 5 percent of the premiums paid in 2010. However, premiums for PIP, or Personal Injury Protection, (known as First Party Benefits in Pennsylvania) are excluded, as they have been for the past 10 years because of the relentless rise in medical costs related to personal injuries caused by auto accidents.

“We are returning dividends again despite challenges from difficult economic conditions and severe weather events,” said President and CEO Bernie Flynn. “Our core mission has always been to operate exclusively for policyholders, not stockholders, as evidenced again by this year’s declaration of Special Dividends.”

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Best of the Web


Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Sign up for an account to comment, share your thoughts, and earn points to get great prizes.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!