Tags: Iron Cove Posts, Iron Cove Partners, James C. Metzger, Long Island Pulse Magazine, louis d'agostino, Property & Casualty, Risk Management, Whitmore Group
Solution to Risk Management Concerns
After speaking with 100's of COO, CFO's & CCO's of Asset Management Firms, their biggest gripe is the amount of time spent on the risk management function. From completing long-form applications to organizing droves of insurance related documentation, dealing with insurance has been painstaking and does have a direct impact to the firm.
"I would be better served spending more time on compliance and accounting then I would be trying to organize and compartmentalize all of our insurance documents" said one CFO of a $2billion NYC based Hedge Fund.
Given that many CFO's wear a variety of hats for their firm, dealing with insurance and risk management can truly take away from other and more important day-to-day functions:
- Accounting;
- Compliance;
- Portfolio Management; &
- Other
Time away from more important day-to-day functions effect bottom line profitability and long-term sustainability of any asset management firm.
We have found that our suite of products and services helps our clients focus on what is most important and takes unnecessary work off of their desks.
Below I have included a link to our 24/7 client portal demo. This demo illustrates how our online portal can help you organize and manage all of your firms insurance related documentation as well as keep abreast of all the firms insurance policies.
Tags: insurance, agency, asset managers, Iron Cove Posts, brokerage, directors and officers liability, Errors and Omissions, hedge fund, largest, Lou D'Agostino, louis d'agostino, Private Equity, property & casualty
New York Looks to Reform Coastal Homeowners Insurance Market
"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."
Tags: Coastal Insurance, Homeowner Insurance, Homeowners, Iron Cove, louis d'agostino, New York, personal insurance, Reform, regulations