One of the most remarkable & youngest CEO’s at a Fortune 1000 company will be Mark Zuckerberg. At only 27 years of age, Mr. Zuckerburg launched on of the most successful companies of the decade, Facebook. Recently going public Facebook IPO is seeking to raise $5 Billion. In the first half of 2011 the company generated $1.6 billion revenue, which compared to any other 27 year old is unheard of.

Another young CEO to make the list is 38-year-old Google Inc. CEO, Larry Page. Eight of the 42 technology and Internet companies that held initial public offerings in 2011 were led by CEOs who were under 40 at the time, according to a review of data from capital-markets data firm Dealogic.

As younger generations begin to emerge with new technologies, innovations, and visions, which challenge the status quo of what business, your companies should be looking into Directors & Officers Insurance.

Your business will face many risks. Risks including legal claims and litigation, leaving your Directors and Officers to have the greatest exposure. Our New York based Agency offers Directors and Officers D&O insurance to nearly all 50 states. We provide much needed protection against the costs of legal defense and indemnity coverage for your business, Directors, Officers, and employees in suits alleging internal mismanagement.

If your organization is not prepared to financially absorb the potential costs of such litigation, then, as so many of your peers have discovered, D&O insurance is clearly the choice.

We’ll help you model how the decisions you make in day-to-day business may impact future D&O exposure, enabling you to prepare in advance before such events even take place. Once you know the risks, you know how to avoid them.

Pre-Planning Is Key. Contact Us Now.

Let our experienced D&O specialists protect your assets and those of your Directors and Officers long before threats occur. Call the Rubin Group today! (877) 806-7239

1. How much you use your car.
   Statistically, the more you drive, the more chance you have to be in an accident. Whether you drive 5 or 50 miles a day the amount you drive is a direct factor to your accident risk. For most exotic sports cars, we understand this isn’t your commuter car, which is why it’s extremely important to specify that your exotic sports car is for “pleasure use”.
2. Driving record.
   A better record means a lower premium. If you have had accidents or serious traffic violations, it is likely you will pay more than if you have a clean driving record.
3. Age.
   In general, mature drivers have fewer accidents than less experienced drivers, particularly teenagers. So insurers generally charge more if teenagers or young people below age 25 drive your car.
4. Gender.
   Woman, in general, tend to get into far fewer accidents than men. Men tend to have more DUI related and serious accidents. Don’t let this discourage you because over time individual driving history will have a greater impact on what you pay for auto insurance.
5. Where your car is parked and where you live.
   Depending on where you leave your car & where you live can greatly influence your premium. Generally, due to higher rates of vandalism, theft and accidents, urban drivers tend to pay a higher premium on their exotic auto insurance policy compared to small towns or rural areas.
6. The car you drive.
   One of the largest factors to your premium is the car you drive. This is where most insurance companies fail. In order to correctly insure a car, you have to know everything about that car from your push start ignition to the catalytic converter. The Rubin Group’s knowledge of exotic & classic cars goes beyond our competition. There are many variables that we include such as the likelihood of theft, the cost of the car, the cost of repairs, and the overall safety record of the car.
7. Credit.
   For many insurers, credit-based insurance scoring is another determining factor. This predicts the likelihood of a person filing a claim and the likely cost of that claim. Credit-based insurance scores are based on information like payment history, bankruptcies, collections, outstanding debt and length of credit history.
8. The type and amount of coverage.
   In virtually every state, by law you must buy a minimum amount of liability insurance to cover harm you may cause to others. Buying higher limits will not only cover you, but other passengers as well as your exotic car. It may cost more, but not proportionately more. We highly advise purchasing Collision, Comprehensive, Medical, & Liability coverages to cover your assets.

Let the Rubin Group save you time. Call us and let us do the shopping for you. We’ll find you the best rate and coverage packages immediately. Call us today (877) 395-5873 or fill out our quick & easy form at www.therubingroup.com.

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are among the major companies involved in this fiasco by the office of Benjamin M. Lawsky, the superintendent of New York State’s Department of Financial Services, according to a person briefed on the investigation who asked to remain unidentified because the matter was private.

Mr. Lawsky’s office issued 31 subpoenas or other legal notices related to the case in early October, just as the state’s insurance and banking departments were merged under his new agency. His office has already turned up instances where mortgage servicing units at large banks steered distressed homeowners into insurance policies up to 10 times as costly as the homeowners’ original plans.

In some cases, those policies were offered by affiliates of the banks themselves, raising questions about conflicts of interest; in other cases, there may have been kickbacks between unrelated companies, according to the person briefed on the investigation.

Representatives of Citigroup and Wells Fargo said they were cooperating with the investigation. Bank of America said it could not comment “on an active matter” but that it had a practice of cooperating with investigators. JPMorgan did not comment.

The investigation is yet another legal battle for the nation’s largest banks and points to the sorts of problems they may continue to face nationwide.

The banks, in separate negotiations with federal and state authorities over suspected foreclosure abuses, have been trying to negotiate a settlement with state and federal officials to avoid future investigations, but it is not clear if businesses like home insurance would be covered if a deal were reached.

It also points to one of the many problems that may be holding up the housing recovery. Some homeowners have found it more difficult to refinance their loans after banks tied this compulsory insurance to their loans.

In general, mortgage servicers are allowed to take out insurance policies on homes after a homeowner allows existing coverage to lapse. Though homeowners have little choice and sometimes little notice about the new plans, they often end up shouldering the costs of the insurance through their mortgage payments.

The increased cost is to be expected to some degree because homeowners who missed insurance payments on old policies are risky customers.

However, Mr. Lawsky’s office views some of the increases as exorbitant. For instance, in one case his office is examining, a homeowner who paid $2,000 a year to State Farm ended up paying $6,000 a year to a new insurer.

• Protect your investments! Keep your receipts in a safe & secure place that can’t be damaged
• Record your serial numbers! It may seem mundane, but keeping an assessable record of your investments in a safe place is the best way to track what you currently own
• Obtain an accurate, signed assessment of your home’s value and keep it in a safe place
• Make sure all door and window locks are secure and functioning properly
• Invest in an alarm or security system
• Tell your neighbors when you will be away from home so they can report any questionable activity
• Consider installing motion light detectors to discourage theft

Whether you live in a condo, apartment, duplex or house that you do not own, renters insurance protects you and your possessions. Based in New York, The Rubin Group will provide Renters insurance in almost all 50 States.

Your landlord’s insurance policy covers the building, but not your personal property in the event of a fire, storm, flood or other loss. As a renter, you have to cover your own personal belongings, and renters insurance is the proper coverage to do that.

To inquire about renters or homeowners insurance, give the Rubin Group a call! (877) 806-7239

4 Clauses of Directors and Officers Liability Insurance:

Side-A (Insuring Clause 1): provides coverage to individual directors and officers when not indemnified by the corporation (as a result of state law or financial capability of the corporation)

Side-B (Insuring Clause 2): provides coverage for the corporation when it indemnifies the directors and officers (corporate reimbursement)

Side-C (Insuring Clause 3): provides coverage to the corporation itself for securities claims brought against it

Side-D (Insuring Clause 4): provides for a $250,000 sublimit for investigative costs coverage related to a shareholder derivative demand

Why Directors and Officers Liability Insurance is necessary?

• Protection for your directors and officers who are acting on behalf of the company from lawsuits that can be made by stockholders, employees, clients, etc.
• Majority of directors and officers demand this coverage before accepting or performing on a job
• In most cases investors and members of your board of directors will not be willing to risk their personal assets to serve as a director or officer
• With employment practices suits is one of the largest claims and coverage against these suits is found with Directors & Officers insurance

When is a good time to buy D&O Insurance?

• Whenever you are assembling a board of directors it is frequently required to have a current Directors & Officers policy
• Evidence of the coverage must be presented to Investors, especially Venture Capitalists, before they invest, as a part of the terms and conditions
• Having employees opens management up to risk for employment practices lawsuits, which can be covered under Directors & Officers insurance

You and your business already face many risks, but when those risks include legal claims and litigation, it is your directors and officers who often have the greatest exposure. That’s why The Rubin Group offers Business Insurance Solutions such as Directors and Officers insurance. It provides much needed protection against the costs of legal defense and indemnity coverage for the business, its employees, directors, and officers in suits alleging internal mismanagement.

If your organization is not prepared to financially absorb the potential costs of such litigation, then, as so many of your peers have discovered, D&O insurance is clearly a best alternative.

Pre-Planning Is Key. Contact Us Now.

Let Rubin’s Insurance specialists protect your assets and those of your employees. Call us for more information at (877) 806-7239

Many exotic car owners first experienced their thrill ride in a rental, but the initial adrenaline rush starts to cloud your buying decision. With renting, you are able to fully see how it handles, feels, and how you look in it. Before you rent, do some research, don’t just turn to any rental car shop for Exotic Cars. New York supplies two of the finest exotic rental shops, Gotham Dream Cars & Xotic.

Gotham Dream Cars – (Englewood, NJ)

Named in 2008 as one of the fastest growing companies by the prestigious Inc. 500, Gotham Dream Rentals has yet to disappoint. Their fleet extends from Lamborghinis to Rolls Royce’s. Some cool features about their rental service, you start off with a full tank and if it’s empty when you return it, who cares! Gotham will fill it up for you just return it wherever the fuel line lies.

Gotham also allows for their unique services to be wrapped as a gift. So if you know that special someone who is thinking about buying an exotic car give them the keys to a rental first, it may change their mind in what direction they want to go.

Xotic Dream Cars– (New York)

Xotic Dream Cars has become a top rental performer by developing a strong loyalty to their name. From the classic muscle cars to new Bentleys, Xotic has it all. Specializing in customer satisfaction, Xotic will make sure once you receive your vehicle for rent that you will be happy.

For those prestigious people who don’t like to drive, but like to be driven. Xotic will provide you a butler by the hour.

Reasons to Rent Before You Buy
• See what you like, so you are able to shop around
• Compare makes and models with how it drives, rides, and feels.
• See if they have your desired color in stock
• Some colors tend to be harsh on the eye, but while eye-catching, it may become an eye soar that sits in front of your house.
• Do you really want an exotic car?
• As an exotic car owner, you don’t only get the psychical car, but all the baggage with it, such as premium gas or race fuel, getting stares on street, and the occasional mob who takes pictures next to your car as if it’s their own.

Those are some factors to keep in mind when in the market for exotic dream cars. Renting is most likely a wise choice before purchasing your dream car. Remember once you have chosen your dream car, get it registered, get it insured and remember who sent you there. The Rubin Group specializes in Exotic Car Insurance to almost all 50 States. Call us today for a quote. (877) 806-7239

Debuting in January 2012, project Exotic is looking to at Orlando, Florida’s famous Disney World to provide a new experience for adults. The heart pounding thrill ride is being developed by the engineers at Petty Holdings LLC, the same creators of the Richard Petty Driving Experience.

Based off a successful trial run with Corvette and other Chevrolet and GMC cars, patrons found the experience to be more than exciting. The trial course was assembled in an open parking lot found next to Magic Kingdom where cones were set up that included tight turns and long straight-aways for hitting top speeds, or as fast as your fear will take you.

The project has announced that the vehicles that will be used for Project Exotic are the Ferrari F430 Scuderia, Ferrari F458 Italia, Lamborghini Gallardo LP560, Lamborghini Gallardo LP 570-4 Superleggera, Audi R8, Chevrolet Corvette ZR1, and Porsche 911 GTR3. So you have plenty of options.

Project Exotic is looking for input from exotic car owners and enthusiasts.  A forum has been created that engineers and developers are checking daily to make sure the same adrenaline rush can be shared with patrons.  They are looking to hear first hand from the people who know the vehicles best, you, the owner.  If you think another car should be available to drive, let them know! They are listening.

Project Exotic is not the official name of the ride. Several names are in contemplation so whatever they decide, I’m sure saying, “the exotic car driving experience,” at any information kiosk will point you in the right way or just listen for the engines.

So when the family pulls the cliché question of asking to go to Disney World, before they hang their face to an answer they know is coming, surprise them and tell them to pack their bags! The Rubin Group will be waiting to hear the stories and driving experiences you have to share…and if you fall in love with one of the cars and decide to come back and purchase one. Remember, who helped you decide to take the trip, the same people who provide the best Exotic Auto Insurance, The Rubin Group.

Typically, exotic sport cars are not considered everyday vehicles. We tend to give up practicality for sleekness when it comes to exotic cars, which is why we resort to our second car. People have always been picky on the types of cars they drive. However, there are certain cars you should avoid. The cars on the list are notorious for having engine failure, bad safety standards, and a MPG rate of: Do I have a hole in my tank? So, we’ll purpose some alternatives to those makes and models.

Volkswagen Beetle – Famous for its innovated body design. The Volkswagen Beetle also known as a Volkswagen “Bug” has been reported for having climate control problems and power equipment failure. Both of these problems end up being very costly to the owner’s pocket. Don’t be fooled by its cute appeal and assume cute means safe and not expensive because in this case it doesn’t.

Good Alternative: Hyundai Elantra has held strong sales the past several years and they continue to grow. The company was issuing a 10-year or 100,000 mile warranty on their vehicles just to secure the customer that they stand behind their vehicles. J.D. Power gave the Elantra five circles, which is the maximum for reliability ratings. Consumer Reports ranked the vehicle as an above average used car.

Volkswagen Passat – Volkswagen with their second car on the list, the Passat has seen its fair share of problems as well. Problems have been reported in the electronics of the vehicle as well as problems with fueling, climate systems and the power equipment. Despite reviews from new Passat owners, overtime the car does not hold true to the performance that wheeled it off the lot.

Good Alternative: Ford Fusion has brought Ford back into the game. Finally producing a mid-size vehicle contender Ford’s Fusion won the reliability award in this year’s J.D. Power survey against the Toyota Camry and Honda Accord. Consumer Reports also claims to be much above average in their used car reports.

GMC Acadia – Despite constant improvements from recent model’s past, the Acadia continues to struggle and not produce ratings from Consumer Reports and J.D. Power Survey. Ranked on the lower portion of both statistical reports the Acadia seems to be fully equipped with problems. Complaints against the audio system as well as suspension have been most repetitive for the vehicle.

Good Alternative: Toyota 4 Runner has been praised by consumers as well as J.D. Power Survey with winning the reliability award and is considered a much better than average car by Consumer Reports. There have been no real problems associated with the vehicle making it a very dependable second vehicle for any owner. The biggest praise for the vehicle comes with the ability to excel in highway and off-road handling and performance.

Ford Expedition – SUVs have had a growing demand for them however the Ford Expedition has not been moving with the learning curve. The vehicle is considered one of the worst SUVs to purchase used according to Consumer Reports while J.D. Power survey gives it the lowest rating. Consumer complaints have come in targeting the audio system as well as a poor transmission.

Good Alternative: Toyota Sequoia should not be over looked when shopping for SUVs. Even though Toyota is known for producing small vehicles, the Sequoia deserves a second look. After J.D. Power Survey graded the vehicle 4 out of 5 circles and Consumer Reports claimed it to be a above average used vehicle, it is able to offer more. Consumers rave over the amount of leg room and comfort in the vehicle as well as how it comfortably handles on the road.

These are just suggestions if you are in the market for shopping for a secondary car. Not everyone needs to go through the hassle of having two impractical cars.

With the recent and surprisingly quick turnaround of Detroit’s auto industry as of late, many of the employees, who belong to the United Automobile Workers Union, are arguing with the carmakers over how profits should be divided.  The 110,000 UAW members would like to see more factories and jobs open up, while increasing pay that had undergone severe cutbacks as a result of the bailout.

In opposition, the Big Three automakers are hoping to stave off additional or increased costs of production in order to become more competitive with US factories that are foreign-owned and employ workers for much cheaper because they are non-union members.

As a stipulation of the bailout, the UAW agreed to a policy that disallows a strike at both General Motors and Chrysler.  Ford, however, has no such agreement which gives the UAW a little leverage in negotiations with the automakers, knowing that Ford could go on strike if the negotiation process falls apart.

The contention of the automakers is that even though profits reached roughly $6 billion combined in the first quarter of 2011, there needs to be significantly more profit growth in order to recover in the market, hire more employees and open back up more factories.

Both sides are aware of the fragile state of affairs that exists and how working out an agreement is in the best interest of everyone if it appears to be fair and reasonable for both sides.  Reaching a fair deal with have to involve concessions and compromise from the UAW and the Big Three though.