by Heather R. Maki
Wealthy clients need advisors
to identify the elite insurers
that genuinely serve their
special needs.
by
Bloomberg News
The U.S. government paid almost $80 million in unemployment benefits during the worst of the economic downturn to households that made more than $1 million, including a record $29...
by
Leila B. Boulton
Most high-net-worth individuals and families insured by mass-market carriers pay too much for insurance, while remaining exposed to serious financial risks, according to a new study.
by Leila Boulton
More frequent and intense storms are driving up insurance premiums in the luxury home market.
by
Bloomberg News
Susan Hirt Hagen, the daughter of Henry Orth Hirt, one of the pioneers of the car insurance industry, has been a billionaire for years -- and has never appeared on an international wealth ranking.
Axa SA said it has received $40 million in claims for damaged art in the Chelsea district.
by
Karen DeMasters
ACE Private Risk Services is offering expanded insurance coverage to
high-net-worth clients that protects against identity theft.
by Raymond Fazzi
Pure insurance focuses exclusively on U.S. residents with homes valued at $1 million and up.
by Keith M. Bloomfield and Frank W. Seneco
Premium financing is an excellent way to insert life insurance into an estate plan, but faulty structuring can prove disastrous.
by
Karen DeMasters
Frank Crystal & Company recently announced it created its Art
Finance Group to help investors obtain proper insurance for fine art and
other collectibles such as wine and jewelry.
Sun Life Financial Inc. (SLF), Canada's third-largest insurer, plans to
stop selling variable annuities and individual life insurance products
in the U.S.
Hartford Financial Services Group Inc., the insurer that repaid a $3.4
billion bailout last year, agreed to sell a unit serving wealthy clients
to Philadelphia Financial Group Inc. for $117...
Swiss insurers are finding property investments less profitable as
millionaires push up apartment prices in Geneva, Zurich and Basel.
by Thomas M. Kostigen
He's best known for his serpentine tongue and devilish makeup, but Gene Simmons is a dead serious businessman.
by Mary Ann Mancini, John L. Olsen and Melvin A. Warshaw
Annuities are often shunned by estate planners, but there are circumstances in which they can be useful, even in the largest estates.
Martin Frankel's 17-year prison sentence for looting $209 million from
seven U.S. insurance companies was upheld by the federal appeals court
in Manhattan.
Hurricane and earthquake "peak risks" avoided by reinsurers offer an
opportunity for investors willing to fill the gap, according to a hedge fund specializing on insurance-linked investments.
BlackRock Inc., the world's largest asset manager, said insurers may buy
leveraged loans as they seek to boost portfolio returns, replacing
investors that retreated from the market.
Major health insurers are pooling more than $1 trillion in claims data
and creating an institute to cull the statistics and identify the
drivers of higher health spending.
