The webserver updated its SSL cert to a new verisign signed cert and my java app can no longer connect.
I am using java 5 with a date on the cert file Nov 2006 in /u
It sounds as though your server (or application, but more likely the server) doesn't trust the root certificate that verisign has issued this new certificate from. Once you trust that cert, you'll trust all the certs chained to it.
The verisign root CAs can be found at the below link:
http://www.verisign.com/support/roots.html