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Insight

Insight is power. We look at your business from every perspective - strategic, cultural, operational, financial - to really understand the challenges and opportunities facing your business.

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Action

It’s about helping businesses thrive. From insights, we map out actionable steps to allow your firm to capitalize on opportunities and mitigate challenges.

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Results

In partnership with you, we transform focused action into meaningful results – enhancing your company’s ability to reach its goals. We are committed to helping your business succeed.

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Insight

Our expertise is fueled by a dedication to discovering the best way to safeguard your interests. And our experience enables us to identify risks and understand your objectives so we can customize policies and services to fit your individual needs.

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Action

We are not satisfied until you’re confident that your personal risks are understood and addressed. JMBI delivers a customized game plan, with options and opportunities tailored to your situation.

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Results

Your objectives are our objectives. So we provide unique solutions and continuous support to attain your personal and financial goals. At JMBI, we work tirelessly to deliver the results you demand.

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Client Success Story

A Risk Review Leads to Reduced Premium and Efficiencies

Situation

A successful risk management review and implementation of improved coverage for a manufacturing company led to request for a similar exercise for one of their divisions.  JMBI began immediately gathering information.

Insight

While we were reviewing the existing policy and strategy, we noted that this company had the same ownership as the parent company. There were similar exposure types and policy structure.  Anticipating that this would create opportunity for both companies, we discussed why the policies were separate and investigated potential issues on combining them.  We did not identify any risk exposure concerns and they had no objections or strategic rationale for maintaining separate policies.

Action

Our objective was to create an overall risk management approach, eliminate premium costs and create insurance limit options through the merged umbrella limits. Armed with our insights and details, we negotiated to merge the exposures together and blend the umbrella limits.

Results

We were able to reduce over 60% of the original premium without compromising coverage in any way.  Additionally, we eliminated the need for the insured to manage two separate renewal dates and two separate renewal processes.  Our actions created efficiencies, significant premium savings, and set a sound risk management strategy.

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Client Success Story

Prospect Needs Immediate Coverage on Residential Builders Risk

Situation

JMBI works closely with other advisors who are seeking insight and personalized attention for their clients.  A financial advisor recently contacted us with an urgent need for their VIP client. The client was about to break ground on a home construction project and needed assistance placing residential builder’s risk/course of construction coverage.  The client’s existing broker was unresponsive increasing the client’s exposure and potentially delaying the project.

Insight

JMBI’s experience in residential builders risk coverage means we understood the clients’ exposure during a construction project.  We empathized with the need for speed as work was scheduled to begin and deliveries en route.   The timeline was compressed by a national holiday and limited access to current insurance documents.  We had existing relationships with the underwriters and our experience allowed us to anticipate the information required and the best execution plan.

Action

We worked with the client and current insurance carrier to move the existing policies to JMBI as the Broker of Record. This provided the proper leverage to add the new policy for the builders risk coverage in time for the project to start.  Our strong relationship with the existing insurance carrier and underwriters enabled us to place the coverage in a short time frame and access the necessary documents.

Results

We were able to extricate the client from a bad situation placing coverage for a difficult risk in time for the construction to start on schedule.  Both the client and the financial advisor noted how the situation went from dire and frustrating to well-managed and focused on risk management and solving the problem.

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JMBI ADDS KIMBERLY GOLDSTEIN TO MEET GROWTH IN FIRM’S RISK MANAGEMENT/PRIVATE EQUITY PRACTICE | 04/13/2014 | A sound risk management strategy is critical to Private Equity success. Chicago, April 14, 2014 – JMB Insurance (“JMBI”) announces that Kimberly Goldstein has joined the firm.... MORE
CYBER EXPOSURE NOTICE | 04/11/2014 | Cyber Exposure Notice During the past several months, “cyber” breaches have become front page news. Major national retailers including Target and Neiman Marcus have been victimized... MORE
HEALTH-CARE REITS GET BACK ON THEIR FEET | 04/11/2014 | Companies that own health-care facilities such as clinics and nursing homes, once viewed as one of the safest and most dependable sources of real-estate income, were spurned last year by investors.... MORE
SEC EYES TEST THAT MAY LEAD TO SHIFT AWAY FROM 'DARK POOLS' | 04/11/2014 |  U.S. securities regulators are considering testing a proposed reform that could drive business to major stock exchanges and away from alternative trading venues such as "dark pools"... MORE