JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

JGS Insurance is honored to announce their place as a finalist for the NJBIZ 2017 “Business of the Year” award in the 51-100 employee category.

The Business of the Year awards program celebrates New Jersey’s most dynamic businesses and business leaders who share a commitment to professional excellence, business growth and the community. Finalists were selected in six categories: Business of the Year (1-50 Employees), Business of the Year (51-100 Employees), Business of the Year (101+ Employees), Corporate Citizen of the Year, and Emerging Business of the Year.

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10-August-2017 – Holmdel, NJ —JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

On October 12, 2017, President Trump signed an executive order affecting the ACA, following Congress’ failure to pass legislation repealing the law. Specifically, the executive order would make changes to certain ACA rules by expanding access to association health plans, health reimbursement arrangements (HRAs) and short-term, limited-duration insurance.

The executive order does not, itself, make any specific changes to existing regulations. Instead, it directs federal agencies to issue new regulations or guidance to implement the order’s policies. As a result, it is difficult to know how any existing ACA regulations will be specifically impacted before any further guidance is issued.

In any case, the immediate impact of the executive order will likely be very small, since it will take time to implement policies, regulations and other guidance to carry out these changes.
In addition, The White House announced that, effective immediately, it will no longer reimburse insurers for cost-sharing reductions made available to low-income individuals through the Exchanges under the ACA. Because Congress did not pass an appropriation for this expense, the Trump administration has taken the position that it cannot lawfully make the cost-sharing reduction payments. It is important to note that this change does not impact monetary subsidies on the Exchange. Those are still in place. This is only for the cost sharing reduction which offsets out of pocket expenses (benefit levels) for those making up to 250% of the poverty level. Keep in mind that this DOES NOT impact employer sponsored group health plans – only the individual market.

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Tuesday, 17 October 2017 00:00

Peace of Mind is Priceless

10-August-2017 – Holmdel, NJ —JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

Insuring Your Condominium or Co-op Apartment

When it comes to insuring your condominium unit or co-op apartment, just having a “piece of the rock” may not be enough. It’s the peace of mind of knowing you are insured correctly in conjunction with your association’s insurance coverage that will allow you to sleep soundly at night.

Every homeowners’ association, condominium or cooperative has governing documents including insurance bylaws dictating how the buildings should be insured. Unfortunately, there is quite often ambiguity as it relates to how the building should be insured from the perspective of the association’s insurance policy and what the unit owner or shareholder is expected to insure within their home.

In an effort to clarify this confusing subject, here are some useful guidelines you can use as a starting point to communicate how your buildings are to be insured and what residents should include in their individual HO6 policies.

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