Based in New York, New York, Daniel G. Hickey Jr. has served as chief executive officer of insurance advisory firm Roosevelt Road Capital Partners since 2009. In this capacity, Daniel Hickey Jr. oversees a team of property and casualty insurance specialists.
Property and casualty insurance refers to two separate, yet related, types of insurance that safeguard policyholders against various types of losses. Property insurance is the more straightforward of the two, including policies that cover the loss of or damage to owned items. In addition, policyholders may have coverage for any losses that stem from the interrupted use of the affected property. Homes, businesses, and equipment are all types of property that fall under the protection of these policies. Sometimes, property insurance will cover more specific types of items, such as works of art and shipped materials.
Casualty insurance covers a wider range of policies, the most common of which is liability insurance. This protects policyholders from liability when they cause the loss of another’s property or injury to their person. For instance, if someone causes an automobile accident, then liability insurance will protect him or her from needing to pay for the damages personally. Typically, liability stems from one’s negligence during the situation in which the losses occurred. Casualty insurance also encompasses an array of other areas, including workers' compensation and aviation policies.
