Tags: hedge fund insurance, Hedge Funds, Insurance, insurance, Iron Cove Posts, broker, Coverage Overview, Directors & Officers Liability, D&O, Dodd-Frank, Risk, SEC Investigations
Bruce Jenner? From Olympic Medalist to Potential Bankruptcy
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
Business Risk Due to the EBOLA Virus
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!
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
Cyber Security -SEC Risk Alert Cites New Focus on Cyber-Security Preparedness
April 30th, 2014
Tags: Hedge Funds, Insurance, insurance, alert, Iron Cove Posts, cyber, Cyber & Privacy Liability, data, guidance, incidents, IT, Mary Jo White, prepared, preparedness, Risk, SEC, security
Major Winter Storm with Blizzard Conditions to Impact the Northeast
Dear Clients, Friends and Business Associates,
Tags: insurance, Blizzard, Iron Cove Posts, Nemo, NOAA, NYC.GOV, Preparation, Risk, Weather Channel, Winter Storm