Fired-up NJ Senate President calls opposition to costly auto insurance plan ‘nonsense’

New Jersey’s top lawmaker came out swinging in fierce defense of his legislation that could force more than 1 million people in the state to pay more for car insurance each year.

Senate President Nicholas Scutari on Monday defended the bill that would hike the minimum amount of liability insurance in the Garden State from its current $15,000 coverage to $25,000 beginning in 2023, and a minimum of $35,000 starting in 2026. He says it’s long overdue to protect victims of crashes.

“This is all nonsense,” said Scutari, D-Union, during a Senate committee hearing, arguing the cost to drive in the state would not immediately increase.

“(Insurers) cannot raise rates for a minimum of three and a half years. They cannot substantiate a raise in rates when we go to $25,000 in coverage. The industry cannot substantiate it. It is an impossibility. The Department of Banking and Insurance will not allow it,” he said.

“The people of New Jersey need this Legislature to protect them from themselves because we tell them what they need to get, and that’s what they get.”

He added taxpayers are the ones who are stuck with the costs to “subsidize unpaid medical bills” and “everything that the insurance industry doesn’t cover” in the minimum policy.

“This is insane,” he said.

Scutari’s impassioned defense of the bill (S481) came moments after people urged legislators not to support the bill.

“Why the urgency?” John Harmon, president and CEO of the African American Chamber of Commerce of New Jersey, asked. “Could we not pull this back and do some impact studies?”

Harmon tested at the committee hearing Monday and spoke to NJ Advance Media Tuesday. He said he was surprised to see Scutari appear briefly at the event to “whip the votes” and then disappear moments

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Student Perspective on the Business Law Boot Camp: Adan Abu-Hakmeh | Law



Baylor Law’s Business Law Boot Camp is a week-long program that provides Baylor Law students with a practical, deep dive into various areas of law a corporate or business transactional lawyer deals with regularly. Taught by a diverse team of accomplished transactional attorneys, the Boot Camp courses are delivered via both classroom lectures and collaborative exercises.

Adan Abu-Hakmeh attended Baylor Law’s Business Law Boot Camp in 2022. Read her thoughts on the Boot Camp below.

Why did you apply for the Boot Camp? Did it meet your expectations?

While in Business Organizations I and II, Professor Miller was impressed how much information there is regarding transactional law and strategies but how little time there is to learn it all competently. When choosing my schedule, because of advocacy teams and my concentration in Health Law, I had a difficult time fitting in classes I wanted to take during the school year, so I wanted to boost my foundational knowledge and understanding regarding business law and transactions. Boot Camp was the perfect fit for me to refresh what I have already learned and get a practical basis for mergers and acquisitions, succession planning, tax law, and corporate formation.

What are your thoughts on what you learned during the Boot Camp?

Every single faculty lecturer at Business Law Bootcamp has years of experience, and has framed all of their lessons by teaching us practically how the theoretical concepts we have learned in our transactional quarter apply to situations brought up by real clients they’ve had in their careers .

I was so surprised that the lawyers that came in to talk to us have spoken openly and candidly about the trials and tribulations of their careers and paths to transactional law.

Overall, I deeply appreciate how excited every attorney

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Joint Degree Program in Law and Business

Students in the joint degree program are enrolled in and take classes at both schools during each of their upper-level semesters of the third and fourth years (with the exception of the Law School Winter Term) of the joint degree program. The requirements for each school and the program are as follows:

Law School

Joint degree students must earn no fewer than 52 additional credits including 36 Law School classroom credits of which no fewer than 18 must be earned in the first year of combined upper-level study. The total number of classroom credits includes the required minimum of two credits to satisfy the Professional Responsibility Requirement, credits from the required winter term (provided that the course chosen offers classroom credits), credits from the upper-level International and Comparative Law Requirements, and credits from the Joint Degree Program Seminar, if applicable. Classroom credits include those connected to courses, seminars and reading groups, but not writing or clinical credits.

In addition, Business School credits equivalent to 12 Law School credits may count toward the total Law School credit requirement. The remaining six required Law School credits may be earned in classroom, writing or clinical courses.

Students must be enrolled in a minimum of 10 total credits each semester in Law School, Business School, or other authorized courses. It is recommended that no fewer than six of these be Law School classroom credits toward the requirement of 36 classroom credits. Students should complete a minimum of 20 total Law School credits each year in order to ensure a balanced program of study.

Students enrolled in the JD/MBA program are permitted to waive one of the winter terms. The remaining Winter Term requirement may be completed through HLS classroom or clinical credits or participation in the Winter Term Writing Program. Further information is available

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Attorney given annual award for professionalism

Wallace

Wallace

Attorney David A. Wallaceof Bentley Goodrich Kison, was recently given the Judge John M. Scheb Professionalism Award by the Judge John M. Scheb American Inn of Court.

The award is given annually to a Sarasota County attorney who exemplifies professionalism in his or her day-to-day practice and who contributes time and talents to the overall cause of professionalism within Sarasota’s legal community.

Nominations are sought from community members, and nominees can be Inn members or nonmembers. The recipient is selected by secret ballot of the Masters of the Inn.

Wallace, a member of the Judge John M. Scheb American Inn of Court, is a board-certified specialist in appellate law and a Florida certified mediator. His practice includes appeals and civil litigation in state and federal courts.

Bentley Goodrich Kison, of Sarasota, is a business and commercial litigation law firm.

Marsh

Marsh

Kristine (Kuffel) Marshfounder/president of Destination Knowledge, is the newest member of the Vistage Sarasota Chapter, CEO of Peer Advisory Board.

Marsh joins a global community of CEOs/business owners who meet monthly to confidentially discuss business challenges, share expertise and support the accelerated profitable growth of their firms.

Vistage benefits include industry expert speakers, monthly executive coaching, access to a global network of 23,000 business leaders and the ability to draw on the insight and support of local executives.

Vistage Sarasota is interviewing for new members. For more information, call 941-539-5467 or email Kimberly MartinezVistage Sarasota market chair, at [email protected].

Miller

Miller

Lynn MillerPGT Innovations code compliance manager, was recently appointed as chairman of the American Society for Testing and Materials’ impact-resistance task group.

The American Society for Testing and Materials is an international standards organization that develops and publishes voluntary consensus technical standards for a wide range of materials, products, systems and services.

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Springfield rental car agency owner faces charge of insurance fraud

Jordan Monroe, CEO of Urgent Rent-a-Car, at his office in Springfield on June 24.

Jordan Monroe, CEO of Urgent Rent-a-Car, at his office in Springfield on June 24.

The owner of a Springfield rental car agency has been accused of insurance fraud amid an investigation into the agency by the secretary of state’s office.

Jordan J. Monroe, 31, of Chatham, faces one count of insurance fraud, a Class 3 felony. The charge, filed Wednesday in Sangamon County Circuit Court, involves a claim made on or about Feb. 13, 2021, to National Interstate Insurance Co. of Richfield, Ohio.

Monroe could not be reached for comment Friday afternoon. Sangamon County State’s Attorney Dan Wright did not immediately return a request for comment.

Monroe is scheduled to make an appearance on July 14 in court.

‘important moment for out nation’: State, local officials react to Roe vs. Wade decision

The charge comes as Monroe’s business, Urgent Rent-a-Car, 2730 Stevenson Drive, was being investigated by the state regarding state insurance requirements on rental vehicles.

The state requires rental car companies to have insurance from a company doing business in Illinois, with minimums ranging from $50,000 to $150,000 for bodily injury and property damage.

Henry Haupt, a spokesperson for the secretary of state’s office, confirmed last week in a statement that Urgent was under investigation.

“Illinois Secretary of State Police continues to investigate Urgent Rent-a-Car,” Haupt said. “The Illinois license plates on the company’s fleet rental vehicles (had) been revoked for failure to meet the state’s insurance requirements.”

At the front desk of its shop last week, Urgent displayed a copy of an insurance policy from National General Auto Insurance. The policy was effective in February. The policy in question involves commercial fleet insurance, typically designed to cover large quantities of cars for companies.

The company said an audit by the secretary of state’s office was completed

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International Business Law As A Model Of Neutrality Avoiding Bias Pitfalls In Gun Regulations

After 19 children and two adults in Texas are gunned down by an 18-year-old who legally purchased an AR
AR
-style gun, why do reasonable measures for background checks fail to make their way through our legislative process? How can legal concepts from international business (trade and investment) law and domestic law systems help provide a solution?

International Business Law and the Gun Debate

The focus of the gun debate and disputes concerning international investment and trade law centers on the tension between an individual’s or a company’s rights and the host government’s responsibility to regulate. With this comparison and consideration of US politics, this article answers both questions.

Question 1: Why can’t a reasonable background check regulation make its way through the legislative process?

Slippery-Slope Arguments

How many times have you heard staunch gun-rights advocates argue that enhancing background checks today will result in government confiscation of their guns tomorrow? A slippery-slope argument is an assertion that a relatively small first step leads to a chain of related events, culminating in a significantly detrimental effect.

The slippery-slope argument is fatal to any chance of reaching a reasonable compromise. Take, for example, the 1963 Cuban Missile Crisis. If the US feared that withdrawing its nuclear warheads from Turkey would have created a slippery slope in which the Soviets continued placing weapons within miles of the US border, we might not be here right now. Other examples abound of

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Helping Your Child Start a Business Legally

  • Having a business can teach children responsibility and good money sense.
  • Kids’ businesses are still businesses, however, and require proper permits and paperwork.
  • Protect your children by making sure their business is legitimate in the eyes of the law.
  • This article is for parents and guardians who are interested in helping kids start their own legal small businesses.

Kids have extraordinary imaginations and, often, big dreams. For some, those dreams include starting businesses. Businesses can give kids the space to be creative innovators and make some money. An increasing number of states and communities have even made it easier for young entrepreneurs to earn money, but children and teens still need to secure the right paperwork to run their businesses legally.

A business is a business, no matter how old the boss is. Child-run businesses can face serious problems if they’re not legal.

“Cities, countries and states have laws that require businesses to secure permits and licenses to operate,” said Mark Williams, formerly the senior leader at BizFilings. “Those rules can extend to just about every business, including those owned by a child. For the typical lemonade stand, lawn-mowing business or snow-shoveling operation, young entrepreneurs will need to check with local officials to determine the compliance requirements.”

All businesses must adhere to certain legal requirements, and parents should understand these stipulations to make sure their kids’ endeavors are legal. You’ll want to help your child figure out the appropriate business structure for their proposition so you can determine which forms you’ll have to complete to start the business and what permits you’ll need. Most businesses choose to become limited liability companies (LLCs). [If you decide to take this route, see our guide for how to start an LLC.]

Before you

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Trademark Attorney Ticora Davis Shares What Business Owners Should Do To Protect Their Intellectual Property

With every passing day, there seems to be a different story about intellectual property being stolen, co-opted, and capitalized upon. In every industry, there is evidence of this phenomenon, but one could argue that it’s more pervasive and prevalent when it comes to the Black community. More discussions need to be had about how the contributions of Black Americans throughout history have often been denied, ignored, and erased. To elucidate how this has manifested in present-day, Ticora Davis, Esq. sat down to discuss her work as a business and trademark attorney, and the ways that everyone can protect their business by securing their intellectual property.

Janice Gassam Asare: Ticora, could you share a little bit about yourself for the Forbes readers who are not familiar with you?

Ticora Davis: Sure. I’m attorney Ticora Davis, I’m the founder and managing attorney at The Creator’s Law Firm. I launched The Creator’s Law Firm in 2017, sometime after being fired from a previous law firm. I was let go was because I became a new mom and the supervising attorney felt that my commitment to being a good lawyer would interfere with my commitment to being a great lawyer. That was cited for his reason for letting me go. But that really birthed in me this commitment and this drive to continue to serve entrepreneurs and small business owners within my purpose, especially Black women and mothers who are really trying to establish brands so that they can have the flexibility and the freedom that they desire to live the life that they

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Business Law Prof Blog

Wednesday, June 29, 2022

Open Faculty Position in Legal Studies and Business Ethics Department at the Wharton School

Dear BLPB Readers:

The Legal Studies and Business Ethics Department of the Wharton School, University of Pennsylvania, is seeking applicants for a full-time, tenure-track faculty position at any level: Assistant, Associate, or Full Professor. The appointment is expected to begin July 1, 2023. Information about the Legal Studies and Business Ethics Department and the research expertise of its current faculty may be found at: https://lgst.wharton.upenn.edu

JOB QUALIFICATIONS: Applicants must have either a JD (or equivalent) or a PhD from an accredited institution or both (expected completion by June 30, 2024 is acceptable). We seek outstanding researchers and teachers with a commitment to business-relevant scholarships. The Department’s faculty hold graduate degrees in a variety of areas, including law, philosophy, sociology, history, psychology, and political science. They teach courses in business ethics and law to undergraduates, MBAs, Executive MBAs, and PhD students.

The complete job posting is faculty/faculty-positions/”here.

https://lawprofessors.typepad.com/business_law/2022/06/open-faculty-position-in-legal-studies-and-business-ethicsdepartment-at-wharton-business-school.html

Colleen Baker, Jobs | Permalink

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Own Your Stuff: Here Are The Most Common Types Of Legal Business Structures

Own Your Stuff: Here Are The Most Common Types Of Legal Business Structures

Clark Atlanta University alumna and founder of the wildly popular vegan food chain chain Slutty Vegan Pinky Cole made waves on the web when she announced the gifting of each 2022 graduate a limited liability company, or LLC, during their commencement ceremony last month.

“Every single graduate in this audience will leave this stadium as a business owner,” she said.

If this doesn’t sound like a big deal to you, think again.

An LLC is a legal business structure that protects your personal assets (your home, car, and personal bank accounts) in the event your company is litigated against. It can cost hundreds of dollars to file depending on the state you’re filing in.

The filing process isn’t difficult, but it’s important to understand whether which business structure makes most sense for your company. There are lots of questions around starting a business—we’ve rounded some expert answers to help you determine your path.

What are the different business structures?

In an interview with Entrepreneur.com, Mark Kalish, co-owner and vice president of EnviroTech Coating Systems Inc. said “each situation I’ve been involved with has been different. You can’t just make an assumption that one form is better than another.”

There are various business structures that’s important to take a look at before the filing process takes places.

A sole proprietorship, the most common form of business organization, allows complete control to be allocated to the founder of the company. Conversely, the owner is also responsible for all financial obligations of the business.

A partnership, on the other hand, describes the involvement of two or more people who agree to share in the financial gains and losses of the business. The biggest advantage to a partnership is sharing the brunt of the tax burden.

Lastly, a corporation is

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