Navigating the Private Insurance Market

Have you ever considered how the complexities of the insurance market can impact your personal and business decisions?In this episode, Brian is joined by Kama Moseley from Lockton Private Risk Solutions. With her unique blend of legal expertise and insurance knowledge, Kama delves into the unprecedented challenges of the current insurance market. They explore how severe weather events, interest rates, and inflation are reshaping insurance strategies, especially for ultra-high-net-worth individuals. Kama shares insightful tips on navigating this turbulent market, emphasizing the importance of comprehensive risk management and the role of insurance in legacy preservation.[00:01 - 08:08] Introduction to Kama Moseley and LocktonKama's background in law and insuranceLockton's status as a privately owned company influences its operationsLockton's unique position in the insurance market[08:09 - 15:17] Discussing the Hard Market in InsuranceUnderstanding of what a hard market in insurance meansHow clients are affected by rising premiums and policy changesThe importance of having a knowledgeable broker in tough markets[15:18 - 22:08] Private Risk and Liability ConcernsThe evolving nature of private risk insuranceThe significance of liability coverage in protecting assetsStrategies for managing personal risk[22:09 - 30:00] Breaking Down Insurance TermsClarity on fundamental insurance termsInsight into the reasons behind rising premiumsThe potential future trajectory of insurance costs[30:01 - 38:30] Liability and Risk Management StrategiesThe need for comprehensive risk managementThe role of insurance in legacy preservationEffective strategies for ultra-high-net-worth individualsKey Quotes:"In an unprecedented hard market, it's about finding new avenues to manage risks effectively." - Kama Moseley"Insurance is not just about premiums; it's about understanding and covering your true risks." - Kama MoseleyConnect with Kama!Website:https://global.lockton.com/co/es LinkedIn: https://www.linkedin.com/in/kamamoseleyThis episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Connect with me:https://www.linkedin.com/in/brian-c-adams/  (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.