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57-483: Mutual Benefit Life was taken into receivership for rehabilitation by the New Jersey Department of Banking and Insurance on July 16, 1991, after losses in an overheated real estate market led to a run by policyholders, who ultimately lost the purported "cash value" that had been said to have accrued in their policies. At the time, the collapse was the largest ever of an American insurer. AMEV acquired

114-683: A $ 1,000,000 budget. Because the site was diagonally opposite a set of commanding, fortress-like buildings for the Prudential Headquarters , also designed by Post, a contrasting identity was a key requirement: "The problem was to design a building as different as possible from the Prudential Building, and at the same time make it indicative of the strength and greatness of an important insurance company." The company's uptown headquarters building at 300 Broadway in Newark

171-548: A Bachelor of Arts degree in government, Todd worked for Nelson Rockefeller 's presidential campaign. Christine Todd married John Whitman in 1974. Christine Todd Whitman worked for the Office of Economic Opportunity and the Republican National Committee . Whitman served on the board of trustees of Somerset County College (later renamed Raritan Valley Community College ). Elected to two terms on

228-751: A ban on partial birth abortion . Her veto was overridden , but the statute was subsequently declared unconstitutional by the judiciary. In 1999, Whitman fired Colonel Carl A. Williams, head of the New Jersey State Police, after he was quoted as saying that cocaine and marijuana traffickers were often members of minority groups, while the methamphetamine trade was controlled primarily by white biker gangs. When Democratic Senator Frank Lautenberg announced that he would not seek re-election in 2000, Whitman considered running for U.S. Senate, but ultimately decided against it. Whitman resigned from office on January 31, 2001, to become administrator of

285-508: A black drug suspect on a street in Camden". In 1996, Whitman had joined a New Jersey State Police patrol in Camden, New Jersey . During the patrol, the officers stopped a 16-year-old African American male named Sherron Rolax and frisked him. The police did not find any contraband on Rolax's person, but Whitman frisked the youth as well. A state trooper photographed the act. In 2000, the image of

342-599: A centrist third party . Christine Todd Whitman was born Christine Temple Todd in New York City on September 26, 1946. Her mother was Eleanor Prentice Todd (née Schley) and her father businessman Webster B. Todd . Both the Todds and the Schleys were wealthy and prominent New Jersey political families. The Schleys were among the first New Yorkers to move to the area that later became Far Hills, New Jersey , which became

399-546: A consulting firm specializing in government relations, and environmental and energy issues". In 2011, Whitman was named to the board of Americans Elect . In February 2013, Whitman supported legal recognition of same-sex marriage in an amicus brief to the U.S. Supreme Court. As of 2015, Whitman is a member of the ReFormers Caucus of Issue One . The group, which included 100 other former elected officials advocated for campaign finance reform. In 2016, Whitman

456-607: A modern structure that was built in the International Style as part of the New Newark movement and centered to the north of traditional downtown at Washington Park. The architects were Frank Grad & Sons of Newark, with consulting architects Eggers & Higgins . As of December 2012 there were plans to convert the building, owned by the IDT Corporation , to residential and retail space marketed to

513-557: A number of different types of licensed lenders, which include: The Real Estate Commission, which is located within the Division of Banking, ensures that members of the real estate industry comply with existing laws and regulations. When violations are suspected, the Commission investigates these claims and either resolves them or conducts hearings concerning the violations. Additionally, the Commission registers all licensed brokers in

570-519: A popular suburb for wealthy, moderate Republicans. Webster B. Todd amassed a fortune as a building contractor on projects including Rockefeller Center and Radio City Music Hall . He used his wealth to donate to Republican politicians and became an advisor to Dwight D. Eisenhower and chaired the New Jersey Republican State Committee twice. Eleanor Prentice Todd served as a Republican national committeewoman, led

627-424: A retraction. An investigation into Rollins's claim found no wrongdoing. Whitman was re-elected in 1997, narrowly defeating Democrat Jim McGreevey, the mayor of Woodbridge Township . Whitman again prevailed by a one-point margin and received a plurality of the votes. Murray Sabrin , a college professor who ran as a Libertarian candidate, finished third with five percent of the vote. During her tenure, Whitman

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684-427: A variety of private carriers, regardless of their age or health status. The SEH establishes standard health benefit plans and ensures that small employers: have access to small group health benefits plans without regard to the occupation of the group, or the health status of any of the group's members; and have the ability to renew the coverage from year to year regardless of the group's claims experience or any changes in

741-527: Is an American politician and author who served as the 50th governor of New Jersey from 1994 to 2001 and as Administrator of the Environmental Protection Agency under President George W. Bush from 2001 to 2003. As of 2024 , Whitman is the only woman to have served as governor of New Jersey. Born in New York City to a Republican political family, Whitman graduated from Wheaton College in 1968 and began her political career in

798-498: Is charged with the regulation of rates, rules and forms for property and casualty insurance. The section regulates personal, commercial and title insurance sold in the state. The Life & Health Bureaus are responsible for the review and approval of life insurance forms, annuity contracts and synthetic guaranteed investment contract (GIC) forms issued in New Jersey to ensure that they comply with insurance laws and regulations and

855-599: Is safe to breathe and their water is safe to drink." She also said, "The concentrations are such that they don't pose a health hazard...We're going to make sure everybody is safe." However, a 2003 report by the EPA's Inspector General determined that the assurance was misleading, because the EPA "did not have sufficient data and analyses" to justify it. A July 2003 report from the EPA Office of Solid Waste and Emergency Response provided extensive documentation supporting many of

912-678: Is to regulate the banking, insurance and real estate industries in a professional and timely manner that protects and educates consumers and promotes the growth, financial stability and efficiency of these industries. The Commissioner of DOBI is Marlene Caride . The department includes three divisions: Banking; Insurance; and the Real Estate Commission. Under the New Jersey State Constitution , all executive and administrative offices are allocated among not more than 20 principal departments. Following

969-632: The Committee for Responsible Government , an advocacy group espousing moderate positions in the Republican Party. In 1997, the group renamed itself the Republican Leadership Council . After winning a Republican primary, Whitman ran against incumbent James Florio for governor of New Jersey in the 1993 general election . Whitman won the election by a plurality , defeating Florio by one percentage point to become

1026-565: The Environmental Protection Agency , where she served until 2003. During her tenure at the EPA, Whitman was noted for having assured the public that the air in lower Manhattan was safe to breathe following the terrorist attacks of September 11, 2001; she apologized in 2016 for having made this statement. In 2022, Whitman joined former Democratic presidential candidate Andrew Yang to form the Forward Party ,

1083-481: The Nixon administration 's Office of Economic Opportunity . After coming within three percentage points of unseating U.S. Senator Bill Bradley in 1990, she ran for governor of New Jersey , defeating Democratic incumbent Jim Florio . A self-described Rockefeller Republican , Whitman defeated Democrat Jim McGreevey to win re-election in 1997. She remained governor until stepping down in 2001 to become Administrator of

1140-543: The Republican primaries , in which he was challenging incumbent president Donald Trump. Whitman spoke at the 2020 Democratic National Convention , endorsing Democratic nominee Joe Biden over Republican nominee Donald Trump in the general election. Whitman co-founded the States United Democracy Center in 2021. and, as of 2022, serves as its co-chair. In her States United capacity, she

1197-740: The 2000 presidential election. Whitman was appointed by President George W. Bush as Administrator of the United States Environmental Protection Agency , taking office on January 31, 2001. In the final weeks of the Clinton administration in January 2001, the administration ratified a new drinking water standard of 0.01 mg/L (10 parts per billion, or ppb) of arsenic , to take effect in January 2006. The old drinking water standard of 0.05 mg/L (equal to 50 ppb) arsenic had been in effect since 1942, and

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1254-841: The Conference of State Bank Supervisors (CSBS) since 1986 and earned a five-year reaccreditation in 2010. The division's duties, specifically the Office of Depositories, include overseeing the financial solvency of state-chartered banks and savings & loan institutions while also enforcing actions against those in violation of the department's regulations. The division also processes and reviews applications by depository institutions for new charters, branches, relocations, plans of acquisition, mergers, bulk sales, stock conversions and auxiliary offices. The Office of Consumer Finance conducts similar financial solvency examinations on credit unions and also regulates and responds to complaints relating to

1311-431: The EPA, since the late 1980s, had weighed the pros and cons of lowering the maximum contaminant level (MCL) of arsenic. The incoming Bush administration suspended the midnight regulation , but after months of research, the EPA approved the new 10 ppb arsenic standard to take effect in January 2006 as initially planned. In 2001, the EPA produced a report detailing the expected effects of global warming in each state in

1368-476: The Insurance Buildings on Market Street , the company built a headquarters at the corner of Broad and Clinton Streets in 1858. The architect is unknown. In 1904, Mutual Benefit pulled down the 1858 structure and commissioned a replacement through competition. The winner was architect George B. Post , who planned a neo-classical structure for eight stories, giant order Corinthian columns, and

1425-653: The New Jersey Federation of Republican Women, and served as vice chair of the Republican National Committee. Eleanor Prentice Todd's political activity caused a newspaper to speculate that she could be a viable candidate for governor, although she never chose to run for office. Christine Todd grew up on her family's farm, Pontefract, in Oldwick, New Jersey . She had three older siblings, including brothers Webster and Danny. At

1482-553: The Republican Party selected Whitman to deliver the party's State of the Union response. She became the first woman to deliver a State of the Union response by herself; her speech was also the first State of the Union response given to a live audience. In 1996, Whitman rejected a recommendation from the Governor's Council on AIDS to spend tax money on a needle exchange to reduce incidence of HIV infections. In 1997, Whitman repealed

1539-646: The Somerset County Board of Chosen Freeholders , she served for five-and-one-half years beginning in 1983. From 1988 to 1990, during the tenure of Gov. Thomas Kean , she served as president of the New Jersey Board of Public Utilities . In 1990, Whitman ran for the U.S. Senate against incumbent Bill Bradley, losing a close election. She was considered an underdog against the popular Bradley, but performed better than expected despite being outspent 12-to-one. Her performance endeared her to

1596-748: The United States Environmental Protection Agency. Whitman was mentioned as a potential Republican vice presidential candidate in 1996. According to The New York Times , Whitman "seemed to be on a short list of vice presidential candidates in 2000, right up until July 8, 2000 – days before the opening of the Republican National Convention in Philadelphia – when a four-year-old photograph surfaced showing an oddly smiling Governor Whitman, surrounded by law enforcement agents, frisking

1653-615: The age of nine, she attended the 1956 Republican National Convention and met President Eisenhower. As a child, Todd attended Far Hills Country Day School before being sent to boarding school at Foxcroft in Virginia. Todd disliked being so far away from home and after a year, she transferred to the Chapin School in Manhattan , allowing her to return home on the weekends. After graduating from Wheaton College in 1968 with

1710-435: The air was safe to breathe. The panel "reasoned that the government's interest in returning New York to normalcy following the attacks should protect it from lawsuits alleging that the government made false statements about air quality." In an interview in 2007, Whitman stated that Vice President Dick Cheney's insistence on easing air pollution controls, not the personal reasons she cited at the time, led to her resignation. At

1767-494: The city's student population' The Mutual Benefit Life Building in Philadelphia is another structure associated with the firm. [REDACTED] Media related to Mutual Benefit Life Insurance Company at Wikimedia Commons New Jersey Department of Banking and Insurance The New Jersey Department of Banking and Insurance (DOBI) is one of 15 principal departments in New Jersey government. The department's mission

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1824-433: The conservative viewpoint is a faith in the ability, and a respect for the right, of individuals to make their own decisions – economic, social, and spiritual – about their lives. The true conservative understands that government's track record in respecting individual rights is poor when it dictates individual choices. The last chapter of that book, entitled "A Time for Radical Moderates", speaks to radical centrists across

1881-508: The country. President Bush dismissed the report as the work of "the bureaucracy." After the September 11 attacks in New York City, she appeared there twice to inform New Yorkers that the toxins released by the attacks posed no threat to their health. On September 18, the EPA released a report in which Whitman said, "Given the scope of the tragedy from last week, I am glad to reassure the people of New York and Washington, D.C. that their air

1938-560: The department utilizes a national state-based system of regulation in order to help meet this core mission. The Office's Captives Unit oversees New Jersey's captive insurance market, which opened for business in 2011 and currently includes ten captive insurers. The Office of Consumer Protection Services investigates regulated industries for violations and is responsible for enforcement actions when any such violations are uncovered. The Bureau of Fraud Deterrence handles investigations and prosecutions for civil insurance fraud violations following

1995-411: The first female governor in New Jersey history. As of 2022 , she is the only woman to have served as governor of New Jersey. Charges of suppression of minority votes were raised during Whitman's 1993 campaign. Two days after the election, Ed Rollins , Whitman's campaign manager, bragged about having spent $ 500,000 to suppress the black vote. Whitman denied Rollins's claim and demanded an apology and

2052-407: The group life, accident and health insurance Mutual Benefit in 1991. SunAmerica acquired the remaining divisions in 1998. Effective June 14, 2001, Mutual Benefit was liquidated and dissolved. Mutual Benefit commissioned a number of landmark buildings in Newark for their headquarters. After outgrowing previous locations at Broad and Market (from the 1845 founding to 1848), then another ten years in

2109-408: The health status of the group's members. Additionally, NJ Protect is the state's federally subsidized health insurance option for those residents with pre-existing medical conditions. The Office of Solvency Regulation represents a major portion of the department's core mission in the regulation of the financial solvency of New Jersey's licensed insurers. Due to the large number of multi-state insurers,

2166-660: The inspector general's conclusions. The report further found that the White House had "convinced EPA to add reassuring statements and delete cautionary ones" by having the National Security Council control EPA communications after the September 11 attacks. On June 27, 2003, after having several public conflicts with the Bush administration, Whitman resigned. In December 2006, legal proceedings began on

2223-658: The issue of tax revenue shortfall would be addressed later. Jim Saxton, in a report to the federal congress, argued that New Jersey's income tax cuts improved "the well-being of the New Jersey family", and would not lead to an increase in property taxes. In 1995, Whitman was criticized for saying that young African-American males sometimes played a game known as jewels in the crown , which she claimed had as its intent having as many children as possible out of wedlock. Whitman subsequently apologized and voiced her opposition to attempts by Congressional Republicans to bar unwed teenage mothers from receiving welfare payments. Also in 1995,

2280-544: The one percentage-point increase to the state sales tax that her predecessor Governor Florio had imposed, reducing the rate from 7% to 6%, instituted education reforms, and removed excise taxes on professional wrestling , which led the World Wrestling Federation to resume events in New Jersey. As a result, she was made honorary WWF Champion and awarded a replica belt by Gorilla Monsoon at that year's SummerSlam pay-per-view. In 1999, Whitman vetoed

2337-460: The party base and made her the leading public advocate of the anti-tax cause. Whitman continued to build her profile by founding a political action committee , the Committee for an Affordable New Jersey, through which she campaigned for Republican candidates in the 1991 midterm elections. Whitman took on a full campaign speaking schedule through October 1992. In 1993, Whitman helped to found

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2394-413: The political spectrum. The same year as her book was released, Whitman formed a political action committee called It's My Party Too (IMP-PAC), to assist electoral campaigns of moderate Republicans at all levels of government. After the 2006 midterm elections , IMP-PAC was merged into RLC-PAC, the Republican Leadership Council 's PAC. Whitman "is co-founder and president of The Whitman Strategy Group,

2451-587: The ratification of the 1947 State Constitution, the DOBI was one of 13 departments created. In 1970, the department was split into two separate departments, Banking and Insurance respectively, only to be merged back together in 1996 as a cost savings measure by Governor Christine Todd Whitman . Since 1996, the commissioners of DOBI have been: The Division of Banking licenses and regulates all state-chartered financial institutions, currently numbering 88 banks and 19 credit unions . The division has been accredited by

2508-424: The religious right, Whitman is a throwback with roots in the patrician Republican politics of three and four decades ago". Whitman "freely calls herself a pro-choice, Rockefeller Republican". Whitman pledged during the 1993 campaign that she would lower state taxes by 10% a year for three years. Once in office, she kept the campaign promise, and lowered income taxes. The decline in the tax burden made it likely that

2565-432: The responsibility of government officials in the aftermath of the September 11, 2001 attacks . Whitman was among the defendants. The plaintiffs alleged that Whitman was at fault for saying that the downtown New York air was safe in the aftermath of the attacks. On April 20, 2007, a three-judge panel of the 2nd U.S. Circuit Court of Appeals ruled that Whitman and other EPA officials could not be held liable for saying that

2622-512: The review and approval of individual and group health insurance contracts and rates within the department's jurisdiction, respectively. The division also oversees New Jersey's Individual Health Coverage (IHC) Program and Small Employer Health (SEH) Program for companies employing 2-50 employees. Through the IHC, people without access to employer or government sponsored health care programs can purchase health coverage for themselves and their families from

2679-668: The rule on the ground that it violated the Clean Air Act. In 2016, Whitman apologized for the first time for her declaration a week after 9/11 that the air in lower Manhattan was safe to breathe. In early 2005, Whitman released a book entitled It's My Party, Too: Taking Back the Republican Party... And Bringing the Country Together Again in which she criticized the policies of the George W. Bush administration and its electoral strategy: The defining feature of

2736-569: The smiling governor frisking Rolax was published in newspapers statewide, drawing criticism from civil rights leaders who saw the incident as a violation of Rolax's civil rights and an endorsement of racial profiling by Whitman (especially since Rolax was not arrested or charged). Whitman later told the press that she regretted the incident, and pointed to her efforts in 1999 to oppose the New Jersey State Police force's racial profiling practices. Ultimately, then-Republican presidential nominee George W. Bush selected Dick Cheney as his running mate in

2793-453: The state and inspects their operations and offices. The formal Commission consists of 8 members (7 appointed by the Governor and one government representative) that conduct hearings related to potential violations. The Division of Insurance regulates the state's insurance industry, including the life, health, and property & casualty insurance industries. The division currently employs approximately 330 individuals in four units. The division

2850-418: The time, Cheney pushed the EPA to institute a new rule allowing power plants to make major alterations without installing costly new pollution controls. Whitman stepped down in protest against such demand by the White House, she said. She decided that because she did not agree with the rule, she would not be able to defend it if it were to be challenged in a legal action. The federal court eventually overturned

2907-905: The transfer of these responsibilities from the Office of Insurance Fraud Prosecutor within the Department of Law and Public Safety as part of the FY 2010 state budget. The department's main offices are located in the Mary Roebling Building at 20 West State Street (corner of West State Street and North Warren Street), in Trenton . The department also maintains a consumer center in Newark along with offices in Cherry Hill and Whippany . Christine Todd Whitman Christine Temple Whitman ( née   Todd ; born September 26, 1946)

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2964-575: Was among the former state officials who submitted testimony to the U.S. House of Representatives Select Committee to Investigate the January 6 Attack on the United States Capitol , arguing that the attack was part of "a sustained and coordinated effort by the former president and his anti-democracy allies to suppress voting rights, delegitimize free and fair elections, and subvert the will of the voters by overturning election results deemed undesirable to their movement." In July 2022, Whitman

3021-433: Was among three former Republican governors who submitted a friend-of-the-court brief to the U.S. Supreme Court , urging the court to uphold provisions of the federal Voting Rights Acts of 1965 that protect minority voters from having their voting power diluted. In 2022, Whitman joined former Democratic presidential candidate Andrew Yang to create the Forward Party , a centrist third party. As of 2008, Whitman served on

3078-578: Was described as a Rockefeller Republican , as a liberal Republican , and as a moderate Republican . In 1995, the Washington Post called Whitman "an East Coast blue blood, a woman who grew up in the horse country of New Jersey and attended some of the nation's most exclusive private schools". The Post added, "At a time when the party's base has moved to the South, the West, the working class and

3135-557: Was designed by locally important architects John H. & Wilson C. Ely . Finished in 1925, it's listed in the National Register of Historic Places . In the mid 1950s the building was sold to the Archdiocese of Newark and served as home to Essex Catholic High School until 1979. The building was again sold, and as of 2018 serves as a nursing home . The company moved to larger headquarters at 520 Broad Street in 1957,

3192-763: Was named the co-chair of the Joint Ocean Commission Initiative. On February 26, 2016, she endorsed John Kasich in his bid seeking the GOP nomination for presidential candidate . She said that Donald Trump was using "fascist" tactics in his campaign and after Chris Christie 's endorsement of Trump said that, in the case of a Trump nomination by the GOP, she would vote for Hillary Clinton . In 2018, Whitman wrote an op-ed calling Trump unfit for office and urging other Republicans to pressure him to step down. In February 2020, Whitman endorsed former Massachusetts Governor Bill Weld for president in

3249-512: Was reaccredited in 2010 by the National Association of Insurance Commissioners (NAIC) for five years. Among its tasks, the division oversees the solvency of the various companies and ensures consumer protections while periodically examining the licensed entities within the industry for compliance issues. Additionally, the division licenses and regulates insurance agents and brokers (producers). The Property & Casualty Section

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