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10.18.2018

Insurance Protection for Valued Wine Collections

Wine collection is on the rise as passionate connoisseurs accumulate prized bottles or investors seek an alternative asset class.  Serious collectors purchase rare labels and the world’s top vintage bottles to amass an enviable assortment of fine wines.  The quality collection may boast bottles of Burgundy, Bordeaux or Pinot Noir; yet the risk exposures faced by wine collectors are well recognized within the specialty high value insurance market.  Insurance protection of an individual’s fine wine collection can be secured through a range of coverage options, depending on the intended usage, collection objectives and preferred method of storage.

CATEGORIES High Value Cargo More

09.25.2018

Hurricane Florence “At-A-Glance”

Hurricane Florence made landfall as a Category 1 storm on Friday, September 14, 2018, at 7:15 am near Wrightsville Beach, North Carolina.  At landfall, maximum sustained winds were recorded at 90 mph with wind gusts of over 100 mph reported in several locations in eastern North Carolina.  Wilmington International Airport, for example, reported a wind gust of 105 mph – the strongest wind gust that the city had experienced since Hurricane Donna in 1960.

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08.21.2018

Increased Loss Severity in Healthcare Liability Claims

The principal challenges faced by healthcare liability insurance carriers have remained constant since the crisis of the late 2000s, including poor investment returns, decreasing premiums, eroding rate, and expanding coverage demands.  Today, these challenges are being exacerbated by the continued consolidation of the healthcare sector, as well as increased loss severity.  Meaningful pricing correction is needed.  

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08.01.2018

Threat of Securities Class Action Suits Signals Need for D&O Protection

In 2017, a record number of 8% of all publicly listed companies were subject to a lawsuit against directors and officers, well above the historical annual average of approximately 3%. Last year began with a total of 785 pending cases in the federal court system, a 12% increase over 2016 case inventory.  The recorded pending case count in the federal system alone poses potential investor losses of $900 billion, as reported by the National Economic Research Associates (NERA) 2017 Review.

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06.20.2018

The "Loss Proof" Home - Offers Value and Safety

Insurance companies and high net worth homeowners are sharing responsibility for prevention and mitigation of property losses. The trend – insuring a “loss proof” home – points to a change in thinking from post-loss compensation to pre-loss prevention. Insurance companies are encouraging owners of high value homes to reduce potential exposure to avoid losses in exchange for policy premium discounts and credits.

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