Archive for Tag: insurance brokers

Assembly approves DeCroce bill protecting insurance buyers and sellers

TRENTON, N.J. – Assemblywoman BettyLou DeCroce’s legislation to relieve insurance brokers from costly, over-burdensome requirements was approved today by the Assembly. The bill (S2475/A2034) alters the standard of care for agent malpractice liability. New Jersey law protects policyholders against errors by insurance professionals. The courts, however, established a fiduciary...

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