NJ REGULATOR DELAYS
DECISION ON ALLSTATEThe New Jersey Insurance Department has delayed until Oct. 13 a decision on Allstate Insurance Co.'s request to stop doing business in the state.
The regulator said it wants to check whether the state's largest insurer is deliberately letting its service deteriorate.
Gale Simon, assistant commissioner, said Allstate has not replaced staffers who have left or were transferred over the past year, resulting in a claims- processing backlog.
Allstate has been trying to leave the deteriorating New Jersey personal auto market for a year, but it was not until May 6 that the department ruled the Newark-based insurer's application was complete. Under the state law, Samuel Fortunato, commissioner, has to make a final decision within 120 days, or by today, although he can take another 40 days to decide if necessary.
Allstate spokeswoman Lil Palmer declined to comment.
CAMPAIGN AGAINST BILL
WASHINGTON - A coalition of consumer groups said Wednesday it plans to bring product injury victims to Washington next week as part of a campaign against a product liability bill scheduled for Senate floor action.
Representatives from 10 consumer groups said they are trying to counter an effort by the National Association of Manufacturers to "fly in" executives who will urge passage of the bill. Supporters of the bill claim it would create a uniform, nationwide product liability system.
ST. PAUL COMBINES
ST. PAUL, Minn. - Reinsurance services presently provided by St. Paul Reinsurance Co. in New York and by St. Paul Fire & Marine Insurance Co. (U.K.) in London will begin to operate under one name, St. Paul Re, on Oct. 1.
St. Paul Re has been operating from New York since 1983 while, from London, reinsurance underwriting services have been provided since 1980.