Zurich Exits The Statuatory Disability Market in NY & NJ

This is BIG!

Zurich American, one of the largest writers of NY DBL (Disability Law Benefits) and NJ TDB (Temporary Disability Benefits) has decided to exit the statutory disability marketplace. Zurich will cease to accept new applications for disability insurance beginning November 1st, 2012 and will phase out all existing business starting in January, 2013.

As of this writing, we have no clear explanation as to why Zurich is leaving this market, but this will probably take many employers by surprise and leave many employers scrambling for new coverage mandated by both New York State and New Jersey.

There are other companies that still remain and we represent all of them such as Guardian, Hartford, First Rehab., Mutual of Omaha and Standard Security. You can call us at: 914-633-1717