The definitive thoughts, frameworks, and analyses on modern risk.
It is my experience that most licensed insurance agents are usually able to answer their client’s coverage questions correctly. Meanwhile, many problems arise simply because consumers simply do not know the right questions to ask to get the information they really need. Should it be the consumer’s job to know the right questions to ask? […]
It is no secret that financially successful families are often early adopters of all the new must-have home technology products rushed to market each holiday season. What few early adopters realize is the degree to which many of these new products provide new and easy opportunities for those in the “hacking community” to run familiar […]
In an attempt to speak with a local attorney about the importance of un / underinsured motorists coverage, I clumsily asked how he felt about the topic. My awkward phrasing provided the perfect fodder for this attorney to display his oh-so-sharp wit, and he mockingly replied to my question “Why, I’m 100% against uninsured motorists!” […]
There are many examples to support my strongly held belief that proper insurance planning is not a DIY project. One recent example: when the mainstream press offers guidance on how to manage your risks, be aware that such stories often omit important pieces of information that can leave you and your family’s assets exposed to […]
With alarming frequency, the media reports heart wrenching stories of insurance consumers who have had a significant property or liability loss, only to learn after the loss that the insurance policy they have purchased does not provide the proper coverage. While the reasons for an uncovered loss vary, I provide this one page overview that details […]
Given the tumult that is occurring in the marketplace, many clients are re-discovering the importance of aligning their insurance coverage with carriers that can best document their financial stability and strong claims paying ability. With fortuitous timing, a new provider of comprehensive insurance coverage can also demonstrate remarkable financial stability, and is now open for business: […]
Looking Back: How it Unraveled To gain a better understanding of the reasons behind AIG’s financial woes, NY Times reporter Gretchen Morgenson offers this fascinating expose on what went wrong. Looking Ahead: The Plans to Move Forward For insights on how AIG plans to reshape itself moving forward, click this link to watch AIG’s Road […]
From this month’s edition of the fine publication “Financial Planning”: “Whether your client is high-net-worth or working to become so, it is incumbent upon financial planning professionals—often the most trusted advisors—to position insurance as a critical protection for the assets they have worked so hard to build. Working with an independent insurance broker is particularly […]
I am often pressed to explain the rising cost of insurance — not an easy task. As with the rising cost of anything, a complete explanation involves revieiwng many factors (boring). There is one leading factor driving the rising cost of insuring homes that the WSJ recently decided to cover. I am surprised that many […]
McKinsey & Co., the giant consulting firm, has helped several major insurance carriers to increase their profits by devising alarming claims strategies that all consumers should be aware of. Check this link to access video of a CNN investigative report that is essential viewing for all insurance consumers.