Richard J. Badolato

Commissioner - New Jersey Department of Banking & Insurance

Richard J. Badolato, a veteran civil litigator and partner in the Connell Foley law firm in Roseland, was named Acting Commissioner of the Department of Banking and Insurance by Governor Chris Christie on June 22, 2015; he was confirmed as Commissioner by the State Senate in May 2016 and took the oath of office in June 2016. 

Mr. Badolato’s legal career of nearly five decades has been marked by service not only to his clients but also to the bar, the legal profession, and the executive and judicial branches of New Jersey state government. 

His experience on the trial and appellate levels in both State and Federal Courts has included: medical, legal, and dental malpractice; products liability; all forms of general liability; construction litigation; automobile litigation; insurance coverage and policy interpretation; subrogation recovery, fire and theft losses; and declaratory judgment proceedings.

In addition to his many other appointments and honors, Mr. Badolato is the former president of both the New Jersey State Bar Association and the Essex County Bar Association. In 2013, he received the Medal of Honor from the New Jersey State Bar Foundation, the highest award given by the organization.

Mr. Badolato earned his law degree from Rutgers University and his undergraduate degree from Fairfield University. He and his wife Betty reside in Verona. They have five children.

During Mr. Badolato’s tenure as Commissioner, the Department’s Banking Division received reaccreditation from the Conference of State Bank Supervisors and the Insurance Division received reaccreditation by the National Association of Insurance Commissioners. Under his leadership, the Department has ramped up insurance fraud enforcement, spotlighted financial literacy for high school and college students as well as seniors and improved insurance consumer services such as the establishment of the lost life insurance or annuity policy locator tool.