RASLS - Risk, Actuarial Science, and Legal Studies

With its eyes set on the future, CICA is busy nurturing the next generation of captive insurance leaders. Five of those involved in its initiatives give their views on the progress made so far.

Higher education insurance and risk management specialist EIIA has appointed Michael Zuckerman as an independent director. The Chicago headquartered member-owned business manages two captive insurance companies for its 130 member institutions.

Who should purchase Umbrella Insurance? Anyone who has a significant net worth (over 500k) as the typical auto and homeowners’ insurance policies cap at 300 to 500k.

At the end of each year, the world seems to naturally slow down a bit as we ease into shorter, darker days and celebrating with loved ones. It’s a chance to look to the past, and plan for the future.

American households have most of their wealth in retirement savings (33%) and in their home equity (29%). Of that, home equity exceeded $25 trillion, according to latest Federal Reserve data. Not surprisingly, homeowners with mortgage debt are loathe to give up their homes in foreclosures and may defy financial logic to avoid defaulting on their loans.