Admitted, Non-Admitted, and Self-Insurance Explained

The Art of Insuring High-Value Collections

In this episode of The Risk Rundown, Julie Rison and Tyler Banks sit down with Mark Recht to discuss the nuances of protecting high-value collections. From structuring policies for multi-billion-dollar fine art portfolios, to the growing importance of authenticity for younger the generation, Mark shares his behind-the-scenes expertise. You’ll learn: * Don't overlook the ‘small stuff’ in your collection * Beware of blanket assumptions * Preparation ahead of catastrophic events is key * Transport is the ultimate hazard * Authenticity and provenance rule * Estate planning and high-value collections Make sure you’re subscribed to The Risk Rundown on your favorite podcast platform. For more resources and information, check out https://alliantprivateclient.com/# [https://alliantprivateclient.com/#]

Admitted, Non-Admitted, and Self-Insurance Explained

Is "non-admitted" still a dirty word in the insurance industry? In this episode, Julie Rison and Tyler Banks demystify all things admitted, non-admitted and self-insurance. You’ll learn: * Why non-admitted policies went from being a red flag to the gold standard for high-value homes * Admitted vs. Non-Admitted: The technical differences in state regulation, rate flexibility, and coverage limits * How to use blanket policies and products * The importance of accurate replacement cost valuations * Why Self-insuring liability can be a risk Make sure you’re subscribed to The Risk Rundown on your favorite podcast platform. For more resources and information, check out https://alliantprivateclient.com/# [https://alliantprivateclient.com/#]

Expect the Unexpected: How to think about risk in the coming year

In this anniversary episode, Julie welcomes back industry veterans Cindy Zobian and Tyler Banks to reflect on a turbulent 2025 and navigate the shifting landscape of the 2026 insurance market. From the devastating wildfires in Los Angeles to the rising costs of liability, the team discusses why insurance is more than just "words on paper”; it’s a promise. You’ll learn: * Lessons from 2025 * Biggest insurance myths * Trends for 2026; risk mitigation, excess liability surges, and a differentiated market * The importance of building relationships with clients in the age of AI Make sure you’re subscribed to The Risk Rundown on your favorite podcast platform. For more resources and information, check out https://alliantprivateclient.com/# [https://alliantprivateclient.com/#]

Water. Water. Everywhere: Flood vs Water Damage

Is flood damage covered by homeowners’ insurance, or do you need a separate flood policy? The answer isn’t always clear. In this episode of The Risk Rundown, Julie and Tyler tackle one of the most frequently asked insurance questions: flood vs. water damage. They explain how insurance policies define each type of loss, why nearly 40% of flood claims occur outside high-risk flood zones, and how events like hurricanes, wildfires, and heavy rainfall can lead to unexpected flooding — even far from the coast. You’ll learn: • The difference between flood damage and water damage • Why being outside a flood zone doesn’t mean you’re risk-free • Common causes of water losses inside the home • How private flood insurance differs from NFIP coverage • Practical steps homeowners can take to reduce water-related losses

Why Your Luxury Home May Be Underinsured: Understanding True Replacement Cost

What does it really cost to rebuild a luxury home after a total loss? Willy Hammond joins Julie and Tyler to break down one of the most misunderstood areas of high-net-worth insurance—replacement costs. This episode covers: • The difference between market value and replacement cost • How renovations, custom features, and technology upgrades increase rebuild costs • How often high-net-worth homeowners should reassess property values • The importance of content documentation, appraisals, and inventories • Common loss scenarios—including water damage—that result in the most expensive claims • Risk mitigation tools insurers increasingly require, such as automatic water shutoff systems From rising construction material costs and labor shortages to understanding why many homeowners are unknowingly underinsured, this episode explains how to ensure your properties are adequately insured to value before a loss occurs.