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Open to any property and casualty insurer licensed to do business in New Jersey that has met the eligibility requirement. An unusually high level of political rhetoric, government regulation, media exposure and consumer frustration influence the property/casualty insurance market in New Jersey. Understanding what it means and how to manage the impact is what allows companies to succeed in New Jersey. That's why companies writing 70 percent of the state's property and casualty insurance business belong to the Insurance Council of New Jersey (ICNJ). Formerly the New Jersey Insurance News Service, ICNJ is a trade association of property/casualty insurance companies whose purpose is to advocate industry views, work to impact the legislative and regulatory environment and serve as a source of timely and credible information about our industry. Since the organization's formation in 1977, it has built a solid record of service. The media, public officials, consumers and most importantly, our member companies look to ICNJ for the information and perspective to better understand and succeed in New Jersey's property/casualty insurance market. ICNJ provides its members with a unique array of services and support. Combining our established state media relationships with our government affairs function, ICNJ has created an integrated and strategically focused issues management team with more than 50 years of New Jersey public affairs experience. Because our member companies believe that the foundation and future of the organization is rooted in the active participation of all member companies, ICNJ member company representatives are encouraged to serve and participate on any and all of the association's committees. Our standing committees meet regularly by conference call or at ICNJ's offices just outside of the state capital to discuss issues and establish and monitor the organization's strategic direction. Our member companies are regularly updated on legislative and regulatory action in Trenton, and on activity that impacts the state's property/casualty insurance market. For example, member companies are e-mailed every other week N.J. Update, an overview of legislative action, media activity, regulatory issues and other information pertinent to our state's property/casualty insurance industry. If staying abreast of New Jersey's insurance market is important to your company, membership in ICNJ would be of tremendous value. Membership dues are based on an equity formula that is driven by premium volume. Dues are capped at a $52,500 maximum and a $10,000 minimum. Our membership application process is quite simple; forward a letter indicating your company's wish to join and the appropriate payment for dues. The Board of Directors must review all applications and approve them. Collectively, ICNJ member companies underwrite 92 percent of automobile insurance policies, 65 percent of homeowners' insurance policies, 67 percent of workers' compensation policies, and 34 percent of the commercial insurance in New Jersey. For more information about membership, call ICNJ at (609) 882-4400.
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