N.J. Ruling Impact Limited

The controversy over the termination of an agents contract by an auto insurer in New Jersey will not have broad national implications, both company and agent association representatives feel.

The agency termination case of R.J. Gaydos Insurance Agency in Clifton, N.J. against the now defunct National Consumer Insurance Company will remain a uniquely New Jersey affair without broad implications elsewhere. “This is pretty state-specific,” observed Jill Muratori, attorney for the Professional Insurance Agents of New Jersey in Trenton, which financed the appeal. Attorneys in other states could use the decision as a basis for agents filing a cause under breach of good faith, but the legal test would have to be similar to New Jerseys, she said.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.