The definitive thoughts, frameworks, and analyses on modern risk.
Purchasing an insurance policy enables us to shift the financial risk of paying for certain losses to an insurance carrier in exchange for the premiums we remit. The terms and conditions of the transaction are detailed in a legal contract, or the insurance policy we receive. Knowing how hard it is for consumers to compare […]
Purchasing an insurance policy enables us to shift the financial risk of paying for certain losses to an insurance carrier in exchange for the premiums we remit. The terms and conditions of the transaction are detailed in a legal contract, or the insurance policy we receive. Knowing how hard it is for consumers to compare […]
Especially over the past decade, several insurance carriers have introduced a wide range of valuable services to help those who collect all sorts of valuables understand their vulnerability to loss and take steps to reduce a wide range of risks. If you want the long story on the many services available, check this article: http://www.irmi.com/expert/articles/2012/obrien11-personal-risk-management.aspx […]
Citing an unusually high number of catastrophic weather events last year, ratings agency A.M. Best reports that the U.S. property/casualty industry reported its largest underwriting loss since 2006. The industry’s combined ratio is expected to deteriorate 6.5 points to 107.5 for 2011 from 101.0 in 2010. (Combined ratio equals expenses and losses divided by premiums; a value greater than […]
This video on You Tube is part of a series that shows in vivid detail the remarkably customer centric protection and world class service available to all who insure their home with Chubb and experience a loss. The vast majority of those I speak with believe that insurance products are a commodity — able to […]
A client who had been insured by a well known carrier recently asked if there wasn’t “any other carrier out there” that could also offer broad coverage for his large home “that didn’t charge an arm and a leg”. I explained that his carrier’s rates reflected their overall loss experience, and reminded him of a […]
A recently released white paper from Ace Private Risk Services reminds financial advisors that many investors are increasingly turning to their passion for fine art, wine and other collectibles in an effort to rebalance their investment portfolios. Sound risky? Well, it is not uncommon that well managed collections outperform more conventional investments. This strategy is […]
Almost forever, consumers who have wanted “the very best” in personal insurance protection have placed their coverage with Chubb. While Chubb has remained the leading insurer of fine homes and valuable articles, they have also seen a marked decrease in the number of automobiles they insure over the past decade. Mass marketers, offering variations of […]
I am fortunate to have been asked to contribute an article by Private Asset Management, a publication of Institutional Investor that is focused exclusively on investment management, financial and advisory services to the high-net-worth arena, and especially on delivering breaking news before it appears anywhere else. While property and casualty related topics are not often covered […]
In this great article, Paul Sullivan, the Wealth Matters columnist for The New York Times, examines the many issues posed by the title: How Do I Know You’re Not Bernie Madoff? With a close understanding of the heightened desire among affluent and high net worth insurance consumers to better vet who they are doing business […]