Annino advises parents to use the year-end holiday season–and the homecoming of their young adults–to discuss the need to fill out a living will naming a health care proxy.
Andrew McElwee is EVP of Chubb & Son and COO of Chubb Personal Insurance.
Read more Managing the Risk articles and blog posts
This isn't Plato's "Leisure Class" November 06, 2009 Many younger people (and a few older ones) have been culturally conditioned to not only say something, but to include regrettable photos and video Majoring in Risk Reduction September 14, 2009 Wealth managers who've readied clients financially for sending a child to college face an even harder task: Helping them prepare for the increased risks their kids will be shouldering away at school….
Drivers' Ed June 30, 2009 Exotic cars–sometimes called "super" cars–are rare and magnificent. They outperform ordinary cars in terms of styling, precision, power and price. …
Playing It Safer May 19, 2009 Being "the one who dies with the most toys" isn't quite the measure of success it once was. One can give credit to these hard times for the healthy change. …
The Emperor's New Swimsuit April 28, 2009 Amid today's receding economic waters, such indecent exposure isn't exclusive to those who risked wealth on supposedly can't-lose investment opportunities. …
'My Fair Lady' of Means April 01, 2009 Wealth managers–the overwhelming majority of whom are male–still have much to learn about catering to the modern woman of means. …
Wired for Trouble March 01, 2009 Technology that does more harm than good is a familiar sci-fi theme. For people who can afford the best, however, truth often proves scarier than fiction. …
When Home is Where the Employees Are February 01, 2009 For most people, the twin challenges of managing professional and personal risk are separate and distinct. Clients who rely strongly on domestic help are not most people, however. …
BEWARE THE DEVIL'S BARGAIN November 30, 2008 For clients of wealth managers, the souring economy is a mixed bag. On the upside, a credit crunch gives those with lots of ready cash greater buying power. That makes it easier to pick up bargains in…
Managing the Risk October 31, 2008 No one takes a trip expecting something bad to happen. But despite the best-laid plans for risk management, something often does. In fact, according to the Chubb Group of Insurance Companies survey ci…
RISK COUNSEL FOR THE WEALTHY WORLD TRAVELER: PART 1 September 30, 2008 Significant net worth provides much more than financial security. It enables the wealthy to leverage a world of exceptional experiences–from skiing in Chile to a Kenyan safari to yachting the Mediterr…
Protecting Passions August 31, 2008 Benjamin Franklin, one of America's first self-made men of wealth, once noted, "If passion drives you, let reason hold the reins." That's good advice, though Ben would probably admit it's easier given.. s, too, if that's what it takes to get some attention. …
In September, I wrote a column titled Majoring in Risk Reduction that gave affluent parents a primer on the many dangers their college-bound kids face and strategies for mitigating and insuring against those dangers.
