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New York Looks to Reform Coastal Homeowners Insurance Market

Sep 28, 2010 4:06:43 AM ,

Lou D'Agostino, Principal

"Let's fix the roof before it starts raining," Insurance Superintendent James Wrynn said. "Coastal New York has been lucky for a while to escape a direct hit from a hurricane, but luck is no substitute for planning. Homeowners have already been pummeled by rising rates, nonrenewals and threats of nonrenewal of their homeowners insurance policies. Homeowners shouldn't have to worry about whether they will be able to get coverage when their policies expire. This uncertainty must be addressed. We have extensively reviewed our rules and regulations and we are planning for the storm we know is coming."

New York Looks to Reform Coastal Homeowners Insurance Market

When was the last time you had an independent review of your personal insurance portfolio?? Homeowners, Auto, Umbrella?? Call Iron Cove Partners @ 1-800-619-6592 and allow us the opportunity to address all of your personal insurance needs.

The above post was written by Louis D’Agostino, Managing Partner of Iron Cove Partners, LLC an insurance broker HQ’d in NYC, with offices on LI and FL. Iron Cove Partners, LLC provides expert advice and counsel as it relates to Personal Lines Insurance and other risk transfer insurance products for high-net worth individuals. Mr. D’Agostino can be reached via email at louisd@ironcoveins.com.

Tags: Coastal Insurance, Homeowner Insurance, Homeowners, Iron Cove, louis d'agostino, New York, personal insurance, Reform, regulations

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Lou D'Agostino, Principal

Written by Lou D'Agostino, Principal

Lou D’Agostino is a dynamic senior insurance professional with nearly 17 years of experience in the financial services industry. He is presently serving as Principle of Iron Cove, a division of EPIC Brokers. In his current role, Mr. D’Agostino oversees a group of talented insurance professionals that offer a full suite of insurance products and consulting services to some of the nation’s wealthiest families/high net-worth clients and largest organizations. He is dedicated to business/new product development and large account placement, resulting in a proven track record of successful negotiation of even the most challenging of claims such as Madoff, investor litigation, and SEC/DOJ enforcement. As part of his work at Iron Cove, Mr. D’Agostino’s expertise has been called upon by a variety of industry trade groups. He has presented to the Financial Executives Alliance (FEA), the NYSSCPA, and other peer groups on a wide array of insurance related topics. He also presented at GAIMops, a leading financial services conference focusing on non-investment operations, on the topic of AIFMD and the associated insurance implications.

Iron Cove is a Division of EPIC Brokers and represents over 400+ Financial Institutions. With over 1500 Employees, 50 Offices in the US and over $500mm in annualized revenues, we currently rank as one the largest privately held insurance brokerages in the US. Iron Cove has been named Best US and Global Insurance Provider by Hedgeweek Two (2) years running.

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