JGS Insurance Celebrates 100 Year Milestone

Based in Bell Works in Holmdel, Agency Continues to Evolve and Deliver Comprehensive Insurance Solutions

HOLMDEL, N.J.--()--Jacobson, Goldfarb & Scott, Inc. (JGS Insurance) today announced it has reached the 100-year milestone. The company, which provides business and personal insurance was established in 1919 as a privately-owned independent insurance agency and real estate firm by Isadore “Izzy” Jacobson and Morris Goldfarb from Perth Amboy.

Today, JGS Insurance ranks among the largest independently owned agencies in New Jersey and is licensed in all 50 states and is recognized in the industry as a top 100 brokerage in the nation. The company is based in Bell Works and operates 23,500 square feet of space with offices in Florida, Maryland and Connecticut.

Since its inception, JGS Insurance has continuously evolved to deliver the most innovative products and service based on the needs of customers. Today, the business has transformed, integrating state-of-the-art technology that automates a broad range of workflow and communication processes, thus eliminating paper, and improving the overall agent and customer experience.

Management Timeline

  • Company founded as Jacobson, Goldfarb in 1919 as a privately-owned independent insurance agency and real estate firm.
  • Danny Scott joined the firm in 1941 as principal owner and Jacobson, Goldfarb became Jacobson, Goldfarb & Scott.
  • The Hager family became active in 1962 when Sam Hager joined the firm and became a principal owner along with Danny Scott.
  • Sam Hager and Steve Kane ultimately took control in the 1980s.
  • Sam Hager’s sons Ken in 1987 and Vincent in 1989 joined the firm and are today the principal owners.

“JGS Insurance is extremely proud to celebrate this milestone and is committed to another 100 years of serving the insurance industry,” said Vincent Hager, President of JGS Insurance. “We represent a carefully selected group of financially-sound and reputable insurance companies determined to exceed customer expectations. Our vision is fueled by ensuring that you are receiving the most comprehensive insurance products in terms of coverage, cost, and service for an insurable future.”

As part of its growth strategy, JGS Insurance plans to expand into other markets and continue to serve industries such as construction, habitational, health and human services, manufacturing and distribution, real estate, and staffing.

“It is humbling to reflect on our 100-year history and how the company has evolved over the last century,” added Chief Operating Officer of JGS Insurance Kenneth Hager. “Today, building on the momentum of our legacy, we’re looking forward to the next 100 years and how JGS Insurance will evolve to meet the needs of future generations.”

About JGS Insurance

Jacobson, Goldfarb & Scott, Inc. (JGS Insurance) was established in 1919 as an independent insurance agency that is privately owned. The two principal owners, Kenneth Hager and Vincent Hager, represent in excess of 40 carriers both national and regional. Based in Holmdel, NJ the company’s headquarters are in Bell Works and operates in all 50 states as well as the District of Columbia. For more information, visit www.jgsinsurance.com.

Contacts

Michael Benedetto
michael.benedetto@springboardpr.com
908-616-8355

Release Summary

JGS Insurance today announced it has reached the 100-year milestone.

Contacts

Michael Benedetto
michael.benedetto@springboardpr.com
908-616-8355