Artwork or other collectibles often comprise a special part of a family's assets. In addition to holding deep personal meaning, they may have significant financial value. While these items should be viewed just like other assets such as real estate or financial investments, there are some unique factors and complexities to consider.
Life insurance policy owners should take heed as continued low interest rates result in lower investment returns credited to policies over time. This can be particularly troublesome for those who do not regularly review and benchmark their policy performance. This bulletin examines the impact of a low interest rate environment on insurers, the perf...
With incidents of Internet crime surpassing 300,000 annually and continuing to grow, computer users are wise to watch for the warning signs that their computers are being hacked and to be proactive in protecting themselves. This article provides best practices for preventing security breaches as well as a checklist to help maintain your personal se...
Taking the time to consider security measures before a theft occurs can save a collector a great amount of frustration and expense. Here are seven key measures that can increase the security of fine art and collectibles for little cost.
A return to a “high” market warrants a full understanding of the nature of ownership (legal title) risks in the art industry and how art investment fund managers can mitigate these risks.
Privately held companies are susceptible to a range of allegations brought by employees, customers, creditors, and government regulatory agencies. However, a comprehensive D&O insurance policy from a qualified insurer can absorb many of the risks to which managers and fiduciaries of private companies are exposed.
The wealthy today are more optimistic about their financial opportunities—but they are also more worried about the risks they face, recognizing that their wealth could be lost in an instant in the face of threats like catastrophic weather events, cybercrime, theft, and liability settlements. To further gauge their concerns (and changing aspirations...
With rising property and casualty premiums and reduced insurance availability, many U.S. homeowners have either chosen to self-insure their homes or have been given no other viable choice. This trend includes an increasing number of affluent families with high-luxury homes in areas prone to wildfires, extreme weather, and other catastrophic events....
Across the United States, coverage for homes, autos and valuable collections have increased at a double-digit pace. In states that have experienced multiple disasters, particularly Florida and California, affluent homeowners have seen premium increases of at least 20% and higher. Others must scramble to find any coverage as carriers continue to pul...
Building and running a successful business can be hugely rewarding, both personally and financially, but it comes with unique challenges and risks that require the business owner to be prepared for the unexpected. A solid business plan is perhaps the best line of defense against unforeseen events that could derail a business. A close second is insu...
For many affluent families, risk management has become less a matter of how much insurance premiums will cost and more an issue of how much financial risk they are willing and able to accept. In an ever-shifting risk environment where families are assuming higher levels of exposure, families will need to be increasingly cognizant of potential risks...
The insurance market outlook for 2025 shows stabilization in several areas, with continued challenges and evolving risks across property, casualty, executive and professional risk, aviation, environmental, and international lines. In a dynamic yet cautious market, insurers are adapting to changing conditions, regulatory pressures, and emerging thre...
When it comes to buying a new home, there can be many unknowns. However, uncovering the issues and hidden risks earlier in the process can help you make a more informed buying decision. As part of your lifestyle and property management best practices, there are four important questions—including matters of insurance and geographical risks—that shou...
From phishing emails and identity theft to fraudulent money transfer requests, cybercriminals continue to find new ways to target individuals and their assets. This fundamentals checklist and recommendations can help protect you, your family, and your assets.
When a ransomware attack happens, it forces many organizations to make a difficult choice—pay the ransom or experience prolonged business or data loss. But there is also another complication for organizations to consider—the government regulators warning companies that payments made to ransomware attackers may constitute violations of U...