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Insurance Council of New Jersey’s

41st Annual Meeting & Conference

 

Event Co-Sponsors

 

 

 

 

**Get CE, CLE and CPCU Credits for attending this conference**

 

AICPCU/IIA Continuing Professional Development Points for CPCUs – 3.5 approved

New Jersey Continuing Legal Education Credits for Certified Attorneys – 3.6 approved

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:

 

_____________________________________________________________

 

Litigation Lending

         

The emergence of “investments” in personal-injury litigation by third party lenders will have a major impact on insurance fraud.

 

Confirmed Panelists:

  •   Adam J. Brand, Founder and Managing Partner, Law Office of Brand & Tapply, LLC
  •   Nathan Morris. Vice President, Legislative Affairs, US Chamber Institute of Legal Reform
  •   Jeffrey S. Quinn, Esq., Partner, Pringle Quinn Anzano, P.C.

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.

 

__________________________________________________________

 

Market Disruptors

 

Pending legislation could upend the NJ property & casualty insurance market.

 

Confirmed Panelists: 

  • Honorable Joseph A. Lagana (D-38), NJ State Senate; Vice-Chair, Senate Law and Public Safety Committee, Member, Military and Veterans' Affairs Committee and Health, Human Services and Senior Citizens Committee; Partner, Chasan Lamparello Mallon & Cappuzzo, PC
  • Honorable Roy Freiman , NJ General Assembly (D-16), Member, Financial Institutions and Insurance, Commerce and Economic Development, and Transportation and Independent Authorities Committees
  • Lori Brown-Sternback, Esq., Partner, Methfessel & Werbel
  • Thomas B. Considine, CEO, National Counsel of Insurance Legislators (NCOIL) and Former Commissioner, New Jersey Department of Banking and Insurance
  • William G. Rader, Rader Consulting Company, Former Assistant Commissioner, New Jersey Department of Banking and Insurance
  • John K. Tiene, Chief Executive Officer, Agency Network Exchange (ANE)

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.

 

Pre-Registration is closed at this time! 

Walk-in registrations are welcome!

At the door registration cost is $175.




Presented by
ICNJ
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