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Private Risk Advisor
http://privateriskadvisor.wordpress.com/
A resource for managing the property and liability risks confronting families with significant wealth.
41 articles
Home Invasion on East 51st Street, Captured by Video
From Private Risk Advisor, 7 month ago, Read 0 times. Similar articles
My college roommate has been adamant for years now that we are on the eve of experiencing widespread lawlessness in major U.S. cities. His view is that the combined effects of high and chronic unemployment and reductions in local law enforcement will embolden those who are most desperate to target the ?haves' in society as easy marks for home invasion, kidnap, extortion, etc.
He would take little satisfaction in reading this article in The New York Times City Room Section, which details a...
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Art Theft and Fraud on the Rise
From Private Risk Advisor, 7 month ago, Read 0 times. Similar articles
INTERPOL and law enforcement authorities across the globe report that theft and fraud involving priceless and high value art and antiquities is rising. While arranging for quality insurance coverage is one risk management strategy, such coverage only provides for compensation after a loss. Working with third-party providers who offer much more than just insurance coverage, we can assist collectors to assemble a comprehensive risk management program. Such programs address security, electronic...
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Uh, THIS is NOT Covered
From Private Risk Advisor, 8 month ago, Read 0 times. Similar articles
So far, there is no way to structure insurance coverage to protect against allegations such as this:
A Frenchman has been ordered to pay his ex-wife £8,500 in damages for failing to have enough sex with her during their marriage.
To read the article: http://www.telegraph.co.uk/news/worldnews/europe/france/8741895/Frenchman-ordered-to-pay-wife-damages-for-lack-of-sex.html
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What to do AFTER the hurricane has passed
From Private Risk Advisor, 9 month ago, Read 0 times. Similar articles
The old adage “the calm after the storm” does NOT ALWAYS apply after a hurricane has caused significant damage.
Understanding that we are all focused on making advance preparations for Hurricane Irene's arrival, several I spoke with yesterday asked me what they should be doing AFTER the hurricane passes. While many of these suggestions are common sense, I offer them as a reminder, and encourage you to know in advance what to do after the storm has passed.
? If you have...
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Hurricane Preparedness (aside from the obvious'.)
From Private Risk Advisor, 9 month ago, Read 0 times. Similar articles
A colleague just shared with me that she felt ill-prepared for a hurricane, and sought some advice. Offering such advice can be problematic, as I never know quite where to start. For example, I sure don't want to be the guy who reminds others to have the obvious items —- bottled water, batteries, flashlights, etc. Turns out my friend was not even sure she had any flashlights in her house. I told her she might want to get one or two, and reminded her most require batteries.
This column...
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Guiding Consumer Focus: Price'.or Value'
From Private Risk Advisor, 10 month ago, Read 0 times. Similar articles
Think about the insurance advertisements you have recently seen on TV and in print. Most emphasize this flawed and glib message: the smart way to buy insurance is from the company providing you with the lowest cost. One carrier even encourages you to ?name your own price.” To be sure, these are clever, entertaining, and persuasive pitches. Meanwhile, directing consumers to prize ?low cost' above all other factors is irresponsible pandering that can result in huge problems after a...
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Identity Theft: A Personal Risk Management Primer
From Private Risk Advisor, 11 month ago, Read 2 times. Similar articles
I wish to remind all consumers that developing a plan to effectively manage the risks of a stolen identity is a critical part of any personal risk management program. Where to start' First, a few words of caution on where not to start. Beware of the large number of organizations offering to sell ?identify theft protection services' to individual consumers. Discerning between the good (a few) and the not-so-good (many) of these offers is no small task. Rather than using the web to purchase a...
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Secure Your Smartphone Data ? While You Still Can
From Private Risk Advisor, 1 year ago, Read 0 times. Similar articles
Perhaps it is the result of growing up in a household that regarded ?Murphy's Law' as gospel —- but I am almost manic in expecting (and preparing for) the unexpected. While the ?unexpected' does not occur to any of us with great frequency, when ?it' does I am rarely caught off guard, or without a plan on how to address it (whatever it may be). This ?be prepared for the sky to fall' tendency has earned me many nicknames, none of which are ever intended as a compliment. According to the...
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Earthquakes, Tsunamis, and Nuclear Accidents ? Oh My!
From Private Risk Advisor, 1 year ago, Read 1 times. Similar articles
I am happy to report I do not have any clients with homes in Japan. Meanwhile, several clients who I've spoken with the past few weeks were surprised to learn that all unendorsed homeowners insurance policies issued in the U.S. specifically exclude damage caused by, that's right, earthquake, tsunami (flood) and damage from a nuclear facility.
If the threat of any of any of these risks concerns you, there is good news: insurance protection from damages caused by earthquake and flood is readily...
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WHY Do You Buy Insurance'
From Private Risk Advisor, 1 year ago, Read 0 times. Similar articles
Perhaps 95% of the consumers and professional advisors I meet with attempt to focus their discussion simply on the insurance policies they own. Ours is a product focused culture, and our buying decisions are guided by products receiving 5 star reviews, Consumer's Digest Best Buy recommendations, and / or finding a ?good deal'. The power of product advertising has robbed us of the ability to ask ourselves the larger questions. Questions like ?Why am I buying this product'?
Why buy insurance...
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