Jun 12, 2020
Latest News | 8 mins, 54 secs
50% Occupancy: Does This Reduce Commerical Property Coverage?
With many dealerships adhering to the state government orders restricting their operations, could insurance occupancy and vacancy clauses pose serious first-party coverage denial or limitations? Many insurance carriers routinely include and define words like “occupancy” and or “vacancy” in property policies. Standard occupancy or vacancy clauses (i.e., “ISO”) typically deny...
Jun 10, 2020
Coronavirus Updates | Latest News | 3 mins, 18 secs
Governor Murphy Lifts Stay-At-Home Order
On Tuesday, June 9, 2020, Governor Murphy announced at his daily COVID-19 press conference that he is signing Executive Order 152 and Executive Order 153 that will “lift” the stay-at-home order he issued on March 21 in Executive...
Jun 08, 2020
Coronavirus Updates | Latest News | 2 mins, 16 secs
Paycheck Protection Program Flexibility Act Signed Into Law
This morning, the President signed into law the Paycheck Protection Program (PPP) Flexibility Act of 2020, which makes several significant modifications to the PPP provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Notably, this new law makes the following changes: Reduces the percentage of forgivable expenses...
Jun 05, 2020
Coronavirus Updates | Latest News | 1 min, 57 secs
NJMVC Announces Plans to Reopen in Stages Beginning June 15th
At Governor Phil Murphy’s (D) daily coronavirus briefing, held just a few hours ago, New Jersey Motor Vehicle Commission (NJMVC) Chair and Chief Administrator Sue Fultonannounced that the NJMVC will resume some in-person services on Monday, June 15. As part of its re-opening plan, the NJMVC has reimagined the agency’s...
Jun 05, 2020
Latest News | 2 mins, 34 secs
Paycheck Protection Program Flexibility Act Signed Into Law; NJ CAR To Host Review Webinar
This morning, the President signed into law the Paycheck Protection Program (PPP) Flexibility Act of 2020, which makes several significant modifications to the PPP provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Notably, this new law makes the following changes: Reduces the percentage of forgivable expenses...
Jun 05, 2020
Coronavirus Updates | Latest News | 2 mins, 17 secs
NJ CAR Seeks Clarification On “By Appointment Sales” Restriction As Governor Murphy Extends the State of Emergency
Governor Phil Murphy, yesterday, signed Executive Order 151 which extends the Public Health Emergency, originally declared on March 9, 2020, for another 30 days. Under the Emergency Health Powers Act, a declared public health emergency expires after 30 days unless it is renewed. Gov. Murphy has renewed the...