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How A National Insurance Agency And Political Insiders Work New Jersey’s Money Game
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Acrisure, a multi-billion dollar national brokerage firm, may have secured government contracts worth millions of dollars by exploiting a loophole in New Jersey’s pay-to-play rules through the acquisition of branch offices once owned by well-connected political insiders that remain on the payroll.
Those insiders, and its company employees, subsequently pumped more than $100,000 worth of campaign donations to lawmakers dating back to 2015 and sometimes days before those lawmakers voted on awarding lucrative contracts to Acrisure.
Gothamist/WNYC found more than $3 million worth of Acrisure contracts with those county and municipal governments going back 2015, and that only includes about half of the contracts where their value has been publicly disclosed.