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Iron Cove Blog

Check here for the latest Iron Cove Case Studies & Financial Services Related Blog Posts

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.

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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

Business Risk Due to the EBOLA Virus

Oct 27, 2014 12:22:21 PM

Just the name alone is enough to cause fear & panic in most of us…. EBOLA!! Whether the panic and fear is fully justified is another story but lets face it, we cannot completely invalidate the fact that people are truly scared. Just google “EBOLA” and take a look at some of the horrific images that come up. Those images coupled with the fact that there is no immediate vaccination (that we know of) is enough to for everyone to be concerned!

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Tags: Insurance, insurance, Iron Cove Posts, broker, Business, business interruption, Coverage Overview, EBOLA, epidemic, Extra Expense, Iron Cove Partners, Lou D'Agostino, Property & Casualty, Risk

Coverage for SEC Inquiries under a Hedge Fund D&O Insurance Policy

Oct 22, 2014 3:28:28 PM

What constitutes a claim under a Hedge Fund Directors and Officers Liability Insurance policy? While definitions vary from insurer to insurer, most insurance contracts define “claim” as any civil, administrative, arbitration, criminal or regulatory proceeding against any insured commenced by:

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Tags: Hedge Funds, Insurance, insurance, Iron Cove Posts, claim, Coverage, Coverage Overview, defense costs, directors and officers liability, Directors & Officers Liability, Errors and Omissions, hedge fund, inquiry, Iron Cove Partners, Lou D'Agostino, Regulation, SEC Investigations, trigger

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.

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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

Lou D'Agostino featured in September 2014 Issue of Social Life Magazine

Sep 25, 2014 1:18:01 PM

Business Partner and Chairman of the Whitmore Group, James C. Metzger was the feature story in the September edition of Social Life Magazine. The focus of the article was based on Mr. Metzger's success both on and off the field. Iron Cove Partners, SVP & Partner Lou D'Agostino was featured in the article along with Mr. Metzger and Tewaraton Award Winner and Major League Lacrosse All Star Rob Pannell.

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Tags: Insurance, insurance, agency, Iron Cove Posts, Company, Company News, football, Lou D'Agostino, New York Jets, Philanthropy, social life magazine, tewaraton, thorpe award

Iron Cove Partners Launches iPhone Application

Sep 25, 2014 12:09:59 PM

Iron Cove Partners Insurance Application now available in the iTunes App Store

"An application developed in order to get all of your critical insurance related documentation and news in one place!"

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Tags: Insurance, agency, Iron Cove Posts, Business, Company, Company News, Directors & Officers Liability, hedge fund, Insurance Solutions, iphone application, Iron Cove, Iron Cove Partners, Lou D'Agostino, Multimedia, Property & Casualty, technology

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