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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

Tags: ACE Risk Services, insurance, Auto, Iron Cove Posts, brokerage, Claims, defendants, dog bites, Homeowners, income, Iron Cove Partners, Lawsuits, Liability, libel, Lou D'Agostino, louis d'agostino, luxury, personal insurance, Private Client, slander, Umbrella, wealth

Are You Ready For Hurricane Sandy?

Oct 26, 2012 12:08:38 PM


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Tags: insurance, Iron Cove Posts, casualty, damage, fire, Hurricane sandy, Iron Cove Partners, Lou D'Agostino, personal insurance, preparedness, property, Property & Casualty, rain, storm, wind

New York Looks to Reform Coastal Homeowners Insurance Market

Sep 28, 2010 4:06:43 AM

"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."

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

Car Booster Seats Make Gains in Insurance Testing

Sep 9, 2010 8:21:51 AM

I have a seven (7) year old soon who I thought was too old to be wearing his booster seat. Read some of the statistics provided by the Insurance Journal in a recent study. You can never be too cautious.

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Tags: insurance, Auto, Cars, Children, personal insurance, protection, Safety

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