PIANJ President Credits Association for Auto Reform and Agency Laws

June 12, 2003

Newly-elected president of the Professional Insurance Agents of New Jersey Inc., John D’Agostino Jr., CIC, said that the enactment of the state’s auto insurance reform bill and agency ownership law were victories for the association and small business owners throughout the state.

D’Agostino’s made the remarks as he was installed into office at the PIANJ/PIANY annual conference on June 9. He noted that this past year has been dominated by the auto availability crisis, and the PIANJ has helped make headway when Gov. James E. McGreevey signed legislation that will encourage auto insurance competition by providing certain exemptions to companies phasing out the take-all-comers law.

He also noted the PIANJ’s endorsement of legislation to assure agents’ claims to their books of business and the efforts of immediate past President David Madara, CPCU, AAI, in working on the PIA-initiated agency ownership bill. “This bill will protect the expiration rights of policies should one company sell to another,” D’Agostino stated. “Through [Madara’s] efforts, along with those of [PIANJ] staff and our legislative representative as well as our volunteers, our members’ business will be protected.”

He praised the association for its efforts, noting how it works to make every agency feel welcome, regardless of size or stature, and encouraged members to stay involved in PIANJ activities, He also stressed the importance of supporting PIA’s political action committee and volunteering for various others. D’Agostino called the PIANJ “a valuable instrument that works tirelessly to influence auto insurance reform and protect independent agents’ ownership rights,” and noted that these efforts had recently been crowned by “success in Trenton.”

“The time spent by PIA leaders has value,” he continued. “Our members see the result–a great bill that protects their lifelong investment, but not the effort that goes into making a dream become reality.”

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