Shel Bachrach died Monday, July 8, in Palm Springs at the age of 80, a publicist announced. Bachrach was one of Hollywood’s top insurance brokers, helping launch films such as Thrilling ending, the people vs. Larry Flynt, And on me.

He provided financial protection and mitigated the risks associated with potential problems such as drug-related filming delays, actors flying airplanes, and directors who might have age-related problems, as well as medical problems. Bachrach was a force behind the scenes, helping big names like Courtney Love, Harrison Ford, David Lean, John Huston, and more.

In addition to films, Bachrach also wrote policies for Las Vegas magicians and entertainers, as well as game shows such as The price is right. Viewers may have felt his influence through his risk management in films filled with stunts, where films might be halted due to actors being injured during production.

Business and Influence

Sheldon Jay Bachrach was born in Detroit on April 7, 1944. He wrote his first recreational insurance policy in 1983 and gained a reputation for “insurance of the uninsurable.”

In 1990, Bachrach wrote a life and disability insurance policy worth over $140 million, earning him a place in the Guinness Book of World Records for the largest life and disability insurance policy ever written at the time.

The Bachrach Company provided insurance services for a few films, including suspenseful ending (1993), The People vs Larry Flynt (1996), on (2001), medicine man (1992), Color of the night (1994), Catthroat Island (1995), Eva (1996) And the shadow conspiracy (1997).

Business Endeavors

Bachrach was also chairman of the entertainment and high-net-worth divisions of USI Holdings (acquired by Goldman Sachs in 2007) and chairman of Beverly Hills-based Albert G. Ruben Insurance Services before launching Bachrach & Associates in 1990.

In 2014, Bachrach & Associates merged with the Insurance Bureau of America.

The Bachrach family serves on the board of directors of Cedars-Sinai Medical Center. They have been members of the Mom Karen Children’s Cancer Fund for over twenty years and the Helping Hands League for over a decade.

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