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Giblin Statement on Christie’s Proposed Horizon Raid

(TRENTON) – Assemblyman Tom Giblin (D-Essex/Passaic) released the following statement:

“After hearing about the commissioner’s lack of involvement in the plans to raid the reserves or change how the company operates, I’m concerned about the intentions and the motivations behind any legislation we may see.
“Horizon has a stellar track record as a member of the community. Headquartered in Newark for 85 years, the company has served its policyholders with excellence and is trusted by 3.8 million New Jerseyans. The company is a source of good middle-class jobs. The Horizon Foundation has demonstrated the company’s commitment to strengthening the health of our community. The Legislature should carefully review any proposal that would seek to change how the company operates or regulated to ensure that the stability and strength of the company is preserved.”