Newark Insurance Company Car Insurance Review [2020]

Newark Insurance company was initially registered as a property and casualty company but has now been liquidated. Enter your ZIP code to compare quotes online.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jan 28, 2021

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Company Details
Address: 1355 Campus Parkway, Suite 101
City: Neptune
State: NJ
ZIP Code: 07753
Phone Number: (732) 643-6730
Year Founded: 1810
Company Rating 0 (0 reviews)

Here's what you should know...

  • UPDATE: The Newark Insurance Company has been liquidated.

Newark Insurance Company is actively licensed in Texas and based out of West Trenton, New Jersey. They were incorporated in 1811 and are a property and casualty insurance company. Unfortunately, if you are looking for Newark Insurance Company car insurance, you will not be able to obtain it due to their current liquidation status.

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Newark Insurance Company, formerly Newark Fire Insurance Company, started having difficulties as early as 1991 when they were heavily fined for improper implementation of workers’ compensation rules as well as for deficient rating and underwriting practices. In 1993 they withdrew from homeowners insurance in Texas, and in 1994 they withdrew from farm and ranch fire, farm owners, and ranch owners multi-peril, homeowners multi-peril, and personal fire and dwelling insurance.

In 1997, Royal Indemnity Company partially reinsured Newark Insurance. The next year in 1998 Newark added reinsurance on all of the lines for which they had direct basis authorization. However, in 2002 their certificate of authority was suspended in Colorado and Hawaii, and they were ordered to cease insurance writing practices in Texas.

The following year Newark’s certificate of authority was suspended in Alabama. In 2004 Newark deleted their accident, boiler and machinery, credit and livestock, fidelity and surety, glass, and health insurance products. By 2007, Newark was placed in rehabilitation and subsequently in liquidation in New Jersey.

Before Newark went into liquidation, they were licensed to write insurance products for air physical damage, aircraft liability, allied coverage, auto liability, auto physical damage, burglary and theft, employers’ liability, fire, forgery, inland marine, liability (other), ocean marine, reinsurance for all lines, and workers’ compensation liability.

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