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PIA Member in Line to Become Next Governor of New Jersey

The announcement last week by New Jersey Governor James McGreevey that he will resign makes way for PIA of New Jersey member and New Jersey...
August 17, 2004

The announcement last week by New Jersey Governor James McGreevey that he will resign makes way for PIA of New Jersey member and New Jersey State Senate President, Richard J. Codey (D) to become acting governor. The effective date of the resignation, coming almost two weeks after the general election, precludes the need for a special election. Sen. Cody is next in line and is expected to step in until January 1, 2006, after a general election in fall of 2005. There is no lieutenant governor in New Jersey.

McGreevey announced his resignation amid high political drama, on live TV. With his wife by his side, McGreevey announced he is gay and admitted to an extramarital affair with a man. The 47-year-old governor said he resigned because his conduct left the governor's office vulnerable to political attacks. Republicans in New Jersey are objecting to the delayed effective date of the resignation, as it precludes a special election until next year. Their objections are expected to have no impact, because both houses of the New Jersey legislature are firmly in control of the Democrats.

Codey is a licensed insurance broker, a PIA member, and president of Olympic Agency in West Orange. Following McGreevey's announcement, Codey issued a statement expressing sympathy for McGreevey and his family. "Jim McGreevey is a good person and a good friend and today's events sadden me," Codey said, adding McGreevey "has brought the residents of New Jersey through one of the most devastating fiscal crisis our state has ever seen. Governor McGreevey has always put the people of New Jersey first."

Agent, Senate President Next in Line (Insurance Journal, 8/12/04)