N.J. Reports July Plan Expirations

The New Jersey Compensation Rating and Inspection Bureau (NJCRIB) projected $28.7 million expirations in the residual-market plan for July covering 4,177 policies.The agency issues monthly reports as part of its effort to depopulate the plan. The numbers are based on current estimated annual premium and do not include surcharges for the Second Injury and Uninsured Employers Fund.NJCRIB said the state plan issued 967 new policies in March and recorded 1,440 withdrawals. As of March 31, there were 52,226 plan risks with an estimated premium of $314.6 million.Source: NJCRIB   ...