Iron Cove Financial Services Insurance Blog

D&O Insurance assessment re: OZ Management LP and their Reporting of Improper Information to Prime Brokers

Jul 21, 2015 1:54:29 PM

Tags: Hedge Funds, Insurance, insurance, Iron Cove Posts, claim, defense costs, Directors & Officers Liability, Disgorgement, Fines, hedge fund, Iron Cove, Penalties, SEC, SEC Investigations, Wrongful Act

ACE Agrees to Buy Chubb Insurance Company

Jul 2, 2015 11:34:06 AM

Insurance Market Update

Tags: Insurance, insurance, ACE, Acquisition, Iron Cove Posts, Chubb, Iron Cove, Lou D'Agostino, M&A, Property & Casualty

Bruce Jenner? From Olympic Medalist to Potential Bankruptcy

Feb 25, 2015 12:07:57 PM

I grew up eating Wheaties and couldn't help but remember Bruce Jenner. An olympic decathlete and arguably one of the best all around athletes in the world! From Olympic Gold to reality tv, and now a very public divorce (not to mention wanting to become a woman), one has to wonder #WTH happened to this guy?? This post however, is more about the lack of financial responsibility and adequate protection than Mr. Jenner's fall from grace. On February 9th of this year, Bruce Jenner was involved in a fatal car accident which resulted in the death of a 69-Year Old Widow, Kim Howe. Reports vary, but some say he may have been texting while driving as well as driving too close. In either event, a lawsuit is eminent and he has already hired top tier legal counsel to help him navigate this mess. Per the Daily News Article from last night, it appears that Mr. Jenner only has $250,000 of personal liability insurance protection?? Who is this guys insurance agent? Wealth Advisor?? That amount of coverage is the basic amount provided under a typical homeowners policy and would be inadequate for just about anyone let alone someone of Mr. Jenner's notoriety and fame. As the article alluded to, Personal Umbrella Liability protection should usually be at least 1-2x net worth in order to protect you and your family in the most conservative and catastrophic scenarios like the one Mr. Jenner has found himself in.

Tags: Insurance, insurance, Iron Cove Posts, Daily News, high net worth, Iron Cove, Lawsuit, Liability, Lou D'Agostino, Partners, personal insurance, Risk, Umbrella, wealth advisor, Wrongful death

Lou D'Agostino & Iron Cove Partners Support Bethany House of Long Island

Sep 25, 2014 2:33:05 PM

Iron Cove Partners own Lou D'Agostino was honored this past July at Bethany House's 18th Annual Golf Outing at Pine Hollow Country Club. Mr. D'Agostino has been involved with the Bethany House charity since 2010 as a member of their golf committee. "We are proud to honor Lou for his many accomplishments and more so, because he has never forgotten to help our women and children as they struggle through the crisis of homelessness." said Sister Aimee of the Bethany House Roosevelt Home.

Tags: Insurance, Bethany House, Iron Cove Posts, Charity, Children, Company, Company News, football, Homeless, Insurance Group, Iron Cove, Lou D'Agostino, New York Jets, Women