Richard J. Badolato

Richard J. Badolato

Richard J. Badolato

Counsel

P: 973.757.1016

F: 973.757.1090

 rbadolato@walsh.law
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Practice Areas:
  • Insurance
  • Financial Services and Risk Management

 

Admitted to Practice:
  • State of New Jersey
  • State of New York

 

Courts Admitted to Practice:
  • US Courts of Appeals for the Third Circuit
  • US District Court for the District of New Jersey
  • New York Court of Appeals
  • US Supreme Court
  • New Jersey Supreme Court

 

Education:
  • Rutgers – School of Law (1965)
  • Fairfield University (1962)

 

Affiliations:
  • National Association of Insurance Commissioners
  • American Bar Association
  • Fellows – American Bar Foundation
  • New Jersey State Bar Association
  • Essex County Bar Association

Richard J. Badolato has more than five decades of civil litigation experience on the trial and appellate levels in both State and Federal Courts. He focuses his practice on Insurance and Financial Services related matters. Prior to joining the firm in 2018, he was the Commissioner of the Department of Banking and Insurance for the State of New Jersey.

 

Throughout his career, Rich has represented many national and local insurance companies (life, health, and property), self-insureds, manufacturers and distributors of various products, oil companies, and professional services providers including doctors, dentists, lawyers, architects, engineers and accountants in defense of malpractice litigation. He has tried more than 320 civil matters to conclusion and argued more than cases on the appellate level.

 

His legal career has been marked by service not only to his clients but also to the legal profession and the executive and judicial branches of New Jersey state government. Rich is the former president of both the New Jersey State Bar Association and the Essex County Bar Association; he is the former president of the New Jersey State Bar Foundation.  He has served as Vice Chairman for the Supreme Court Advisory Committee on Professional Ethics; he was a member of the Supreme Court’s E-Filing Committee and was a member of the Supreme Court’s Advisory Committee for Mandatory CLE. Additionally, he served as Chairman of the Supreme Court of New Jersey Commission on Professionalism in the Law.  Rich has also been deeply involved in the American Bar Association (ABA) as the past State Chair of the Fellows of the American Bar Foundation and was elected to the ABA National Council of Bar Presidents Executive Committee and was also a Delegate to ABA House of Delegates.

 

During Rich’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 increased 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.

 

Rich leads the firm’s insurance practice, which provides insurance and health care regulatory and enforcement advice, and handles insurance coverage disputes and counseling, as well as related defense work. He also collaborates with the firm’s financial services and risk management practice.

Honors & Awards
  • New Jersey Law Journal’s First Lifetime Achievement Award Winner (2015)
  • Samuel S. Saiber Professional Achievement Award (2015)
  • New Jersey State Bar Foundation Medal of Honor (2013)
  • Middlesex County Trial Lawyers Association’s Herman L. Breitkopf Award (2010)
  • American Bar of Trial Advocates’ John B. La Vecchia Achievement Award (2007)
  • Seton Hall School of Law Peter W. Rodino Outstanding Achievement Award (2007)
  • Civil Trial Bar James J. McLaughlin Award for civility, legal compliance and professionalism in the practice (2006)
  • NJSBA Lawyer of the Year Award from New Jersey Commission on Professionalism in the Law (2005)
  • New Jersey State Bar Association Distinguished Legislative Service Award (2003)
  • Fairfield University Alumni Service Award (1997)