NJM Insurance Group is an American mutual

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

group of companies, offering personal auto, commercial auto, workers' compensation, homeowners, condo, renters, and umbrella

. It is headquartered in the West Trenton section of Ewing Township, Mercer County,

New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...

, and serves markets in

Connecticut Connecticut () is the southernmost state in the New England region of the Northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, New York to the west, and Long Island Sound to the south. Its capita ...

Delaware Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Del ...

Maryland Maryland ( ) is a state in the Mid-Atlantic region of the United States. It shares borders with Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware and the Atlantic Ocean to ...

, New Jersey, New York,

Ohio Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The sta ...

, and

Pennsylvania Pennsylvania (; ( Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States. It borders Delaware to its southeast, ...

History

NJM Insurance Group, originally known as New Jersey Manufacturers Casualty Insurance Company, formed as a

workers’ compensation Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her emp ...

insurance company on June 7, 1913, shortly after New Jersey passed the Workmen’s Compensation Act. The Company’s original goal was to provide cost-effective, safety-conscious, and financially secure insurance to New Jersey business owners. By 1922, the Company was the largest provider of workers’ compensation insurance in New Jersey. In 1921, NJM began providing insurance for property loss, commercial auto accidents, private automobiles, and homes. On January 1, 1965, the New Jersey Manufacturers Indemnity Insurance Company (founded as the New Jersey Manufacturers Fire Insurance Company on December 6, 1921) merged into the New Jersey Manufacturers Casualty Insurance Company to form the current legal entity. The merger had been announced on April 24 of the prior year, with approval being granted by the Commissioner of Insurance on October 28. NJM’s main office has been in West Trenton, New Jersey since 1966. Personal Lines and Commercial Lines Underwriting, General Claims and Medical Services Administration are headquartered there, as are most support services for Company operations. NJM has had additional offices in

northern New Jersey North Jersey comprises the northern portions of the U.S. state of New Jersey between the upper Delaware River and the Atlantic Ocean. The designation of northern New Jersey with a distinct toponym is a colloquial one rather than an administrati ...

since the 1950s, but the Company's main North Jersey branch has been consolidated in Parsippany since 1996. The southern New Jersey branch opened in Hammonton in 2000. In 2015, American soccer player and long-time NJM policyholder Carli Lloyd was announced as NJM's new spokesperson. In 2018, NJM expanded its services to Pennsylvania residents.

Products and Services

Personal Insurance

NJM provides auto, homeowners, renters, condo, and umbrella insurance to residents of New Jersey, Pennsylvania, Connecticut, Ohio and Maryland. NJM partners with

American Modern Insurance Group American Modern Insurance Group, Inc., operating under the American Modern® insurance brand, is the holding company for a number of subsidiary property and casualty insurance companies that provide specialty products for owners of a variety of ...

to offer coverage for

motorcycle A motorcycle (motorbike, bike, or trike (if three-wheeled)) is a two or three-wheeled motor vehicle steered by a handlebar. Motorcycle design varies greatly to suit a range of different purposes: long-distance travel, commuting, cruising ...

s, ATVs,

boat A boat is a watercraft of a large range of types and sizes, but generally smaller than a ship, which is distinguished by its larger size, shape, cargo or passenger capacity, or its ability to carry boats. Small boats are typically found on inl ...

s, and collector cars.

Commercial Insurance

NJM originally formed to provide workers' compensation insurance to businesses in New Jersey. Today, it writes workers’ compensation coverage in Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania. The Company has also provided New Jersey businesses with commercial auto insurance and commercial general liability insurance (CGL).

Consumer safety and corporate giving

NJM runs several Teen Driver Safety Programs, which bring safety programming and education to New Jersey schools. In 2013, NJM commemorated its centennial with a “DNT TXT N DRV” (Don’t Text and Drive) campaign. The company donated $50,000 to charity at the conclusion of the campaign, which marked the start of NJM’s Teen Driver Safety Programs. Since 2013, NJM has donated more than 60

driving simulator Driving simulators are used for entertainment as well as in training of driver's education courses taught in educational institutions and private businesses. They are also used for research purposes in the area of human factors and medical rese ...

s to New Jersey and Pennsylvania high schools to support safe driving. The company supports New Jersey philanthropic organizations, including HomeFront’s Camp Mercer, the Trenton Area Soup Kitchen,

Junior Achievement JA (Junior Achievement) Worldwide is a global non-profit youth organization founded in 1919 by Horace A. Moses, Theodore Vail, and Winthrop M. Crane. JA works with local businesses, schools, and organizations to deliver experiential learning ...

of NJ, Habitat for Humanity, and others.

Partnerships and sponsorships

Choose New Jersey

NJM is an ambassador of Choose New Jersey, which supports economic development in New Jersey.

Greater Trenton

NJM’s Vice President of Public Affairs, Mike Van Wagner, participates on Greater Trenton’s Board of Directors.

Trenton Thunder

NJM partners with the

Trenton Thunder The Trenton Thunder are a collegiate summer baseball team of the MLB Draft League. They are located in Trenton, New Jersey, and play their home games at Trenton Thunder Ballpark. From 1994 to 2020, it was a Minor League Baseball team of the ...

, the Double-A affiliate of the

New York Yankees The New York Yankees are an American professional baseball team based in the New York City borough of the Bronx. The Yankees compete in Major League Baseball (MLB) as a member club of the American League (AL) East division. They are one of ...

, for “Safe at Home.” Since 2012, this partnership has resulted in donations of more than $88,700 to Trenton-area organizations.

Philadelphia 76ers

Since 2018, NJM has partnered with the Philadelphia 76ers to promote teen driving safety in Pennsylvania. In 2018 and 2019, the Sixers and NJM hosted a

National Teen Driver Safety Week National Teen Driver Safety Week (NTDSW) is conducted annually during the third week of October in the United States. It was established by Congress in 2007. Background Motor vehicle crashes remain the primary cause of death for adolescents. Tee ...

kick-off event at the Wells Fargo Center in Philadelphia.

Philadelphia Union

In 2019, NJM became the Official Automotive Insurance Partner of the Philadelphia Union.

New Jersey State Golf Association

NJM is a Corporate Partner of the New Jersey State Golf Association (NJSGA) and the presenting sponsor of its Senior Amateur Championship.

Cedar Fair Parks via Dorney Park

In 2023, is a sponsor of Dorney Park via website.

Financial Strength and Recognition

* AM Best Company financial strength rating: A+ (Superior rating), and Financial Size XV. , NJM's Best rating has been “A” or better every year except for a "C" rating in 1933. *NJM generated zero valid complaints in 2010, 2012, and 2013, according to the

New Jersey Department of Banking and Insurance New is an adjective referring to something recently made, discovered, or created. New or NEW may refer to: Music * New, singer of K-pop group The Boyz Albums and EPs * ''New'' (album), by Paul McCartney, 2013 * ''New'' (EP), by Regurgitator, ...

. NJM regularly receives among the lowest complaint ratios of all carriers insuring at least 100,000 vehicles in New Jersey. *NJM was the first company to receive J.D. Power’s Personal Auto Claims Certification in 2018. In 2019, J.D. Power ranked NJM Insurance Company among the best for overall satisfaction in its U.S. Auto Insurance Study. *In 2019,

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

included NJM on its list of America’s Best Employers by State and Best Midsize Employers. *Clearsurance awarded NJM the #1 ranking for consumer’s choice among car insurance companies in 2018 and the #2 ranking in 2019. *In 2016, NJM was the New Jersey State Governor’s Jefferson Award Honoree for its corporate giving program. *The National Safety Council awarded NJM with the Teen Driver Safety Leadership Award in 2016, recognizing the Teen Driver Safety Program for its demonstrated results in changing behaviors and attitudes in young drivers and reducing teen crashes, injuries, and deaths. *In 2019, PR Daily awarded NJM the Corporate Social Responsibility Award for Public Health or Safety Initiative for the Teen Driver Safety Program. *In 2022, Nerdwallet listed NJM a "top insurance company heading into 2022."

References

External links

* {{Official Website, www.njm.com Ewing Township, New Jersey Insurance companies of the United States Mutual insurance companies of the United States Financial services companies established in 1913 Companies based in Mercer County, New Jersey 1913 establishments in New Jersey Financial services companies based in New Jersey