New Jersey Manufacturers Insurance Company

Anthony M. Stonis has been elected Chairman and Douglas R. Kuiken as Vice Chairman of the Board of Directors of New Jersey Manufacturers Insurance Company (NJM).

New Jersey Manufacturers Insurance Company operates exclusively for the benefit of policyholders. Through prudent underwriting and careful stewardship, NJM has returned more than $4.5 billion in dividends to policyholders since 1918. NJM is the Garden State's largest provider of Workers' Compensation and Personal Auto insurance, and among the leading writers of Commercial Auto and Residential coverages. NJM also operates three subsidiary insurance companies and NJM Bank FSB, which provides checking, savings and loan accounts with the same cost efficiency and quality service as NJM's insurance policies.

NJM's Board of Directors solely represents the interests of policyholders. Accordingly, the Board membership is comprised primarily of officials from a broad spectrum of companies that are insured by NJM as well as individuals with personal coverage.

Mr. Stonis is President of Cardolite Corp. of Newark, N.J., which develops and manufactures products based on cashew nutshell liquid (CNSL) used in the friction and coating industries. A resident of Cranbury, N.J., Mr. Stonis first joined the Board in 1997. He had served as Vice Chairman since 2005.

Mr. Stonis succeeds Vincent C. Bonica, retired Chairman of L.A. Dreyfus Company, Edison, N.J., which manufactures chewing gum bases used by the confectionery and pharmaceutical industries. Mr. Bonica also is the retired Vice President, Worldwide Gum Base Operations, for Wm. Wrigley Jr. Company of Chicago, the parent company of L.A. Dreyfus. He was Chairman for three years and will continue serving on the Board.

Mr. Kuiken is President of The Kuiken Brothers Company, Inc., of Fair Lawn, N.J., a hardware, building supply and lumber company with facilities in Fair Lawn, Emerson, Midland Park, Ogdensburg and Wantage, N.J., and in Warwick, N.Y. Mr. Kuiken joined the family business in 1969 and is a Director as well as President. He is a resident of Wyckoff, N.J., and was first elected to NJM's Board in 2003.

In addition, four new Directors were elected.

Robert J. Staudinger is President and Chief Executive Officer of National Manufacturing Company, Inc., of Chatham, N.J., a manufacturer of engineered deep drawn enclosures for medical devices, aerospace, electronics and energy storage products. Mr. Staudinger resides in Bridgewater, N.J. His company has been an NJM Commercial Auto policyholder since 1998 and a Workers' Compensation policyholder since 2004.

Celestina S. Quintana is President of Dorno Management Corporation, Union City, N.J. Dorno operates nine McDonald's restaurants throughout Northern New Jersey. Mrs. Quintana is a resident of Cranford. Her company has been a Workers' Compensation policyholder since 2002.

Two veteran NJM Officers also have been elected to the Board of Directors – Robert H. Zetterstrom of Ringoes, N.J., and Christopher J. Colavita of Lambertville, N.J.

Mr. Zetterstrom is NJM's Vice President and General Counsel. He joined the Company in 1996 as a staff attorney in the Law & Regulation Department and later served as Assistant Vice President, Assistant Vice President and Corporate Counsel, and Vice President and Corporate Counsel before being elected to his current position in April 2008. He earned his Chartered Property Casualty Underwriter (CPCU) designation in 2001.

Mr. Colavita is a Vice President who heads up NJM's Commercial and Personal Lines areas. He began his NJM career as a Workers' Compensation claims adjuster in 1986. He later served as Manager – Commercial Policyholder Service, Assistant Secretary, and Assistant Vice President before his election as Vice President in 2004. He earned his Chartered Property Casualty Underwriter (CPCU) designation in 1996.

Fred D. Barré, President and Chief Executive Officer of The Barré Company, Inc., Mountainside, N.J., is stepping down from Board service. Also leaving the Board of Directors are two former members of NJM senior management – Retired Executive Vice President and Counsel John E. Hart and Retired Senior Vice President Peter T. Sapnar.

Previous News Releases

May 1, 2008 Anthony G. Dickson Retires as NJM's President & CEO

April 22, 2008 NJM Writes to Workers' Compensation Policyholders

March 18, 2008 NJM Receives $75,000 Settlement in Towing Overcharges Suit

February 2, 2008 NJM Cuts Rates $34.6 Million

January 1, 2008 NJM Thanks Policyholders; Praises Legislative Leaders For Not Rushing PIP Fee Schedule Issue

December 31, 2007 NJM Continues Efforts to Block Repeal of PIP Fee Schedule

November 27, 2007 NJM Urges Policyholders to Oppose Efforts to Repeal PIP Fee Schedule

November 20, 2007 NJM sends 180,000 checks to policyholders this week

October 29, 2007 NJM Returns Record-Breaking $132 Million Special Dividend to Personal Auto Policyholders

October 3, 2007 NJM Board Approves Hammonton Facility

June 26, 2007 NJM Earns Judgment Against Doctor Charged with Fraud

June 18, 2007 Chiropractor Settles with NJM for $1 Million

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