Today’s insurance professionals and legal practitioners know that the insurance market can be unpredictable and volatile. With external factors such as natural disasters, war, cyberattacks, and economic uncertainties, insurance professionals can find reprieve in increased certainty from the courts.
In assessing business strategies and competitive advantages for 2024, insurers should take note of a recent New Jersey Superior Court decision that supports a narrowing of the agency relationship between insurers and independent insurance agents and brokers.
Originally published on Reuters Legal News and Westlaw Today - April 8, 2024.
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