CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / NJM Returns $1.9 Million to Commercial Auto Policyholders

NJM Returns $1.9 Million to Commercial Auto Policyholders

October 26, 2020 By CollisionWeek Editor

NJM Insurance Group announced it is refunding a portion of premiums to policyholders through the NJM Policyholder Relief Program. Commercial auto customers will receive the equivalent of 15% of two months of their annual insurance premium, in recognition of reduced driving related to the pandemic.

NJM Insurance Group logoIn NJM’s latest effort to assist policyholders impacted by the pandemic, the Company will mail refund checks to approximately 9,900 commercial auto policyholders, totaling $1.9 million in returned premium. Over the past several months, the Company has worked with its business insurance customers to implement payment plans and policy modifications for those affected by COVID-19.

“NJM operates in a mutual fashion, so this relief aligns with one of our core values — operating for the exclusive benefit of our policyholders,” said Mitch Livingston, NJM president and CEO. “Our commitment to policyholders has set NJM apart for over a century, and it is especially important in this new economic reality.”

“This refund recognizes the unprecedented challenges many of our policyholders have faced this year, including reductions in business operations,” said Arjay Pedalino, NJM vice president of commercial lines. “While the country rebuilds and recovers, rest assured that NJM will continue working on behalf of its policyholders.”

The NJM Policyholder Relief Program was created to help provide premium assistance for NJM policyholders affected by the COVID-19 pandemic. In May and July, the NJM Policyholder Relief Program refunded a total of $69.4 million to personal auto policyholders.

Filed Under: News Tagged With: Coronavirus, NJM Insurance Company

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Collision Repair Education Foundation Coronavirus Diagnostics Donations Earnings Florida General Motors I-CAR Insurance Auto Auctions Lawsuits legislation LKQ Corporation Mitchell International National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Scholarships Service King Collision Repair Centers Texas United Kingdom Workforce Development

Recent Articles

  • Auveco Acquires ClipLizard Systems November 29, 2023
  • Precision Diagnostics Receives Ford Collision & Glass Certification Approval November 29, 2023
  • AkzoNobel and Kansai Paint Agree Not to Proceed with Africa Acquisition November 29, 2023
  • Fix Network Canada Launches First Donation Matching Fundraiser Supporting Ronald McDonald House Charities Across Canada November 29, 2023
  • Jennifer Bergeron Named Chief Growth Officer at TechForce Foundation November 29, 2023
  • California Collision Repair Shop Owner Pleads Guilty to Filing False Tax Returns November 28, 2023
  • 3rd Annual LKQ Cares Holiday Vote Charitable Program Opens November 28, 2023

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2023 - QuanDec Corporation - All Rights Reserved · Log in