Networking is an important component of business. In the insurance industry, it’s key—for you, your agency and your insureds. The more people in the industry you know, the better. Networking can teach you how to be a better agent, it can give you ideas about how to...
Members of the PIANJ Business Issues Committee met with leaders of Kingstone Insurance to discuss the recent notices regarding the carrier’s rate filings, and the outlook for the company going forward. Meryl Golden, COO of Kingstone Insurance, provided a detailed...
For the better part of 15 years, PIANJ has advocated for the elimination of what is colloquially known as a “step-down” provisions in automobile policies. A step-down provision appears in many automobile policies. It has the effect of reducing the amount of coverage...
Legislation (A-1650) that would limit certain provisions in and the enforceability of noncompete agreements was reported out of the state Assembly Labor Committee on Feb. 24, 2021. The bill would restrict an employer’s ability to utilize noncompete clauses to protect...
Legislation that would require insurers to disclose whether certain policies have business interruption pandemic coverage passed the Senate Commerce Committee on Feb. 11, 2021. The bill (A-4805), which has passed the New Jersey Assembly unanimously, would require an...
Members of PIANJ met with Assemblyman John McKeon, D-27, chairman of the Assembly Financial Institutions and Insurance Committee, yesterday to discuss the issue of step-down provisions in personal auto policies—one of PIANJ’s top legislative priorities. The...
Adverse carrier bills pass state Senate. The New Jersey Senate Commerce amended legislation (S-1559), which would allow consumers to bring a “bad faith” lawsuit against insurers to remove certain recoverable expenses last week. This legislation passed the Senate...
“Well, it’s Groundhog Day … again.”—Phil Connors Fans of the movie Groundhog Day will appreciate this quote. For most of the 1 hour and 41 minute movie, Phil Connors, a fictional and cynical weathercaster, is forced to relive Feb. 2 (Groundhog Day) over and over...
Recently, the New Jersey Superior Court ruled in favor of an insurance producer when the affidavit of merit filed against the producer was not in compliance with law. The case of Ganguly’s Taekwondo Academy Inc., etc., v. JAL Insurance Services involved the owner of a...
The New Jersey Young Insurance Professionals elected officers today during its annual business meeting. The NJYIP officers installed were: Alyssa Delaney of ANE, Agency Network Exchange LLC, in Monmouth Junction, N.J., will serve as president;Peter Leone of...