iTunes Archives - Insurance Journal TV: Recent Episodes
Insurance Journal
In this insightful and entertaining IJA Aftershow, host George Jack chats with leadership coach and author Michael Koscielny about the power of active listening and why it’s at the heart of effective leadership. Drawing from his Born2Lead framework and real-life experiences, Michael explains how listening builds trust, enhances decision-making, and transforms team dynamics—whether in the boardroom or at home.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Michael Koscielny | Leadership Lessons on Active Listening appeared first on Insurance Journal TV.
Homeowners risk is getting wilder, but the answers are already here. On June 18, 2025 (10 a.m. PT / 1 p.m. ET), join this free, fast‑paced virtual Demo Day to watch live walkthroughs from Premier sponsors HomeFactors (Porch Group Media), ZestyAI, and Supporting Sponsor LexisNexis Risk Solutions. You’ll see how fresh property data, computer‑vision insights, and AI‑driven scoring sharpen underwriting, pricing, and retention—so you can ditch the endless vendor calls and get straight to solutions.
Secure your spot and replay access now at https://riskyfuture.com/homeowners — because the future may be risky, but missing out would be riskier.
AIData #AI #Homeowners
The post Don’t Miss Today’s Demo Day! Homeowners Data + AI Demo Day appeared first on Insurance Journal TV.
While automation can dramatically boost productivity in insurance operations, it shouldn’t come at the expense of human oversight. Michael Parcelli of Xceedance recommends a balanced approach—using technology to handle the bulk of routine tasks while keeping skilled professionals in the loop for exception management and quality control. This shift allows insurers to scale efficiently while maintaining accuracy and accountability. Watch this clip from the InsurTech Summit hosted by Deputy Editor of Carrier Management, Elizabeth Blosfield.
Check out this highlight from the 2025 InsurTech Summit! To watch all the panels visit https://theinsurtechsummit.com/
The post InsurTech Summit 2025 Highlight: How Can Insurers Balance Automation with the Human Touch? appeared first on Insurance Journal TV.
In an evolving digital landscape, insurers face a key decision: should they build technology in-house, partner with InsurTechs, or pursue a hybrid model? John Spottiswood of Jerry suggests that if a technology is a strategic differentiator—especially something core to customer experience or competitive advantage—it may be worth building internally despite the time and cost. However, for faster deployment and access to specialized expertise, partnering with InsurTechs often offers the most efficient path. Check out this clip from the summit with host and Deputy Editor of Carrier Management Elizabeth Blosfield.
Check out this highlight from the 2025 InsurTech Summit! To watch all the panels visit https://theinsurtechsummit.com/
The post InsurTech Summit 2025 Highlight: How Insurers Should Decide Their Tech Strategy appeared first on Insurance Journal TV.
In this lively Insurance Journal Academy aftershow, George Jack and Patrick Wraight talk with Tom Wetzel about the latest class, Rating AI Tools: Balancing Functionality and Security. Tom Wetzel, fresh off workshops in Chicago and headed to Orlando and Texas, explains why agents are eager yet overwhelmed, urging them to adopt AI with a clear game plan instead of treating it like a shiny toy.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Tom Wetzel | Balancing Functionality and Security in Insurance AI Tools appeared first on Insurance Journal TV.
This episode of Between the Lines dives into “agentic AI”— autonomous systems that sense, decide, and act without continuous human intervention — and decodes what they mean for property‑and‑casualty carriers. Host Elizabeth Blosfield interviews Sathish Manimuthu, CTO of NeuralMetrics, and Hanif Sidi, EY Americas Property & Casualty Business Consulting Leader.
From turbo‑charging claims workflows and risk scoring to elevating fraud detection and hyper‑personalized customer touchpoints, the panel maps out the upside. This episode will also unpack the flip side: broader cyber attack surfaces, fairness and accountability worries, and the change‑management muscle insurers must build. Expect practical roadmaps, real‑world use cases, and frank talk on safely deploying these self‑directed digital teammates. To register for this free webinar visit: https://www.carriermanagement.com/research/research/agentic-ai-in-action/
The post Don’t Miss This Webinar: Autonomous Agents, Real Impact — How Agentic AI Is Re‑shaping P&C Insurance appeared first on Insurance Journal TV.
High net worth individuals often carry public profiles that make them uniquely vulnerable to cyber threats. From executives and celebrities to board members and influencers, their visibility—and the digital footprint that comes with it—attracts sophisticated cybercriminals who may quietly monitor their online presence for months before striking. In this sneak peek of the Insuring Cyber podcast with Carrier Management Deputy Editor and Host Elizabeth Blosfield, Jason Ott, President of Aon Private Risk Management, discuss how cyber coverage is evolving to meet the specific needs of these high-profile clients and why seemingly harmless posts or photos can become security liabilities.
To watch the full interview, visit https://www.insurancejournal.tv/videos/25344/
The post Why High Net Worth Clients Face Great Cyber Risk appeared first on Insurance Journal TV.
Many legacy insurance systems are still stuck in the early 2000s, running outdated, on-premises technology like AS/400s that demand constant maintenance and distract insurers from what really matters—risk, loss control, and customer service. This discussion dives into the biggest technological gaps in the insurance sector, especially among small to mid-sized carriers, and explains why simply “lifting and shifting” to a hosted server isn’t true digital transformation. Real cloud-native platforms—those that leverage AI, scale effortlessly, and integrate modern tools—are essential for insurers to future-proof their operations. The key takeaway? Insurance companies need to stop managing hardware and start managing smarter solutions.
Check out this highlight from the 2025 InsurTech Summit! To watch all the panels visit https://theinsurtechsummit.com/
The post InsurTech Summit 2025 Highlight: Are You Still Talking About Servers? appeared first on Insurance Journal TV.
Get ready for an exciting episode of Golfertainment with Golfertainment George, Patrick Wraight, and Kevin Amrhein as they sit down with Tony Cañas for a one-of-a-kind conversation!
🎤 Tony shares his career pivots, from underwriter to blogger, best-selling author/speaker, recruiter, and podcaster – and yes, even a magician! Hear all about his journey through the insurance world and beyond. Plus, the Golfertainment crew will react to George’s take on the Happy Gilmore 2 trailer and explore some fun Father’s Day golf insurance gift ideas 🏌️♂️⛳️
Don’t miss out on this lively discussion and plenty of laughs!
InsurTech #CareerPivot #HappyGilmore2
Golfertainment George and the Florida Insurancemen Patrick Wraight and Kevin Amrhein welcome multi‑hyphenate Tony Cañas—ex‑underwriter, bestselling author, recruiter, podcast host, and newly minted professional magician—live from Atlanta. Tony reveals how he fuses close‑up magic with business cards to land guests for his podcast! Then flips those connections into recruiting wins. He teases his 60 %‑finished follow‑up to Insuring Tomorrow, co‑written with a Gen Z underwriter, and offers frank career advice for foster‑care alumni and young professionals: “AI won’t replace you—someone using AI better will.”
Check out this episode and more at https://www.insurancejournal.tv/channels/golfertainment/
The post EP. 12: Is Magic the Secret Sauce for Turning Insurance Careers Into Show‑Stopping Success? appeared first on Insurance Journal TV.
Homeowners risk is getting wilder, but the answers are already here. On June 18, 2025 (10 a.m. PT / 1 p.m. ET), join this free, fast‑paced virtual Demo Day to watch live walkthroughs from Premier sponsors HomeFactors (Porch Group Media), ZestyAI, and Supporting Sponsor LexisNexis Risk Solutions. You’ll see how fresh property data, computer‑vision insights, and AI‑driven scoring sharpen underwriting, pricing, and retention—so you can ditch the endless vendor calls and get straight to solutions.
Secure your spot and replay access now at https://riskyfuture.com/homeowners — because the future may be risky, but missing out would be riskier.
AIData #AI #Homeowners
The post Don’t Miss This Event! | Homeowners Risk Remix: AI + Data Demo Day for Next‑Gen Carriers appeared first on Insurance Journal TV.
Would you relish reading insurance contracts on a Sunday afternoon so you can properly counsel your client on what they should buy? Do we hear a “Hell, no?” That’s okay. Self-described insurance nerd and recovering insurance attorney Dan Schuleman will save you the trouble. He cofounded the insuretech Qumis as an assistive-AI platform to quickly analyze policies and pull relevant information for claims, brokering and compliance. The idea: Arm insurance professionals with more detailed information, particularly in a time of suffocating legal action. “The increase in litigation is crazy,” Dan says. “The lawyers throw anything at the wall and see what sticks.” AI is accelerating the pace of plaintiffs’ actions—but it also helps carriers fight back,” he notes. “Things are not great in insurance companies’ claims departments right now.” Qumis is a “human in the loop” system. “It’s like a self-driving car where you still have a hand on the wheel,” Dan says.
The post This InsureTech Loves Policy Language appeared first on Insurance Journal TV.
A recent survey highlights rising stress levels among executives, fueled by persistent global uncertainty. Supply chain disruptions remain the top concern for 45% of respondents, especially among international companies still recovering from COVID-era impacts. CFOs are also grappling with the inability to confidently forecast due to geopolitical shifts, inflation fears, and looming recession risks. With economic volatility continuing to cloud strategic planning, the corporate stress index is trending upward. Watch this clip from RIMS RISKWORLD in Chicago with Insurance Journal’s Vice President of Content Andrea Wells, and Jeff Cole, Head of National Accounts at Sentry.
To sign up for Insurance Journal’s Risky Future Summit, click here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: Why Are Executives So Stressed? Supply Chains, Uncertainty, and Economic Whiplash appeared first on Insurance Journal TV.
Join George and Patrick in this episode of the IJA Aftershow with Chris Burand about the latest class, E&O and Hard Markets: How Trying to Keep a Client Might Cause Trouble.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Chris Burand | Keeping Clients Covered and E&O Risk Low appeared first on Insurance Journal TV.
Geopolitical tension and climate-related risks are putting pressure on global supply chains—but advanced technology is helping insurers and businesses stay ahead. By using geospatial tech, companies can pinpoint exact supplier locations and overlay real-time alerts for weather or political disruptions. With updates as frequently as every 15 minutes, this approach offers a proactive way to anticipate and manage risk before it impacts operations. Watch this interview with Carrier Management Deputy Editor Elizabeth Blosfield as she talks with John Davies, Commercial Director, Marsh McLennan Sentrisk.
To sign up for Insurance Journal’s Risky Future Summit, click here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: Can Technology Predict Supply Chain Disruptions? appeared first on Insurance Journal TV.
Partnerships between InsurTechs and traditional insurers are becoming essential to modernizing the industry. These collaborations help streamline processes through AI, improve agility in response to market and climate changes, and integrate services into seamless customer platforms. By combining innovation with experience, insurers can better meet evolving customer needs and stay competitive in a rapidly shifting landscape. Check out this clip with host and Deputy Editor of Carrier Management Elizabeth Blosfield with Nationwide’s Jean Finnegan!
Check out this highlight from the 2025 InsurTech Summit! To watch all the panels visit https://theinsurtechsummit.com/
The post InsurTech Summit 2025 Highlight: How Is InsurTech-Insurer Collabs Shaping Insurance? appeared first on Insurance Journal TV.
In this interview, a risk leader shares an emerging perspective that’s gaining traction in forward-thinking circles: risk isn’t always a threat—sometimes it’s an opportunity. By exploring how different risks intersect and amplify (or mitigate) one another, they challenge the traditional “risk as danger” mindset. At their institution, they’re leaning into “opportunity risk” to accelerate academic and research goals. They also highlight TRU’s innovative work in “future thinking”—scanning for signals of change a decade out to help boards and leadership ask the right “what if” questions before risks become realities. Watch this clip from RIMS RISKWORLD in Chicago with Insurance Journal’s Content Editor Allen Laman, and Steve Pottle, Leader in Risk Management at Thompson Rivers University.
To sign up for Insurance Journal’s Risky Future Summit, click here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: What’s the Risk Beneath the Risk? Exploring Intersections, Opportunity, and Future Thinking appeared first on Insurance Journal TV.
In this brief interview from Claims Journal editor Don Jergler, Carla Woodard of Pie Insurance highlights the critical issue of coverage gaps—often discovered at the worst possible time, during a loss. While claims professionals don’t write policies, they play a key role in identifying these gaps, educating policyholders, and collaborating with agents and underwriters to prevent future surprises.
To watch the full interview visit https://www.insurancejournal.tv/videos/25339/
And to watch and read more Expert Viewpoints visit: https://www.claimsjournal.com/expert-viewpoints/
The post Mind the Gap: How Claims Pros Can Help Prevent Coverage Surprises appeared first on Insurance Journal TV.
With economic uncertainty, evolving global trade dynamics, and potential new tariffs, businesses are facing heightened risks within their supply chains. These disruptions make it more critical than ever for risk managers to reassess and restructure their insurance programs. The discussion breaks down the three types of business interruption (BI) coverage—traditional BI, extended BI, and contingent BI—and emphasizes the growing relevance of contingent BI due to supplier volatility. As companies shift suppliers—onshoring or relocating to avoid tariffs—understanding and adapting to new exposures becomes essential for resilience. Watch this interview at RIMS RISKWORLD in Chicago with Insurance Journal Vice President of Content, Andrea Wells and North America Leader of Risk Consulting at Aon, Joe Galusha.
To sign up for Insurance Journal’s Risky Future Summit, click here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: How Global Shifts Are Reshaping Supply Chain Insurance Needs appeared first on Insurance Journal TV.
In this insightful discussion with summit host and Deputy Editor of Carrier Management Elizabeth Blosfield, Alexis Vaughn of Off Course Consulting, highlights the key barriers insurers face when adopting new technology. Despite growing momentum, many insurers remain hesitant due to a lack of education around new tools, fears of job displacement, and skepticism about working with InsurTechs that may overpromise and underdeliver. Alexis emphasizes the importance of building trust, conducting tech audits before full deployment, and setting realistic expectations. She advocates for deeper collaboration and transparency to bridge the gap between traditional insurers and fast-moving tech innovators.
Check out this highlight from the 2025 InsurTech Summit! To watch all the panels visit https://theinsurtechsummit.com/
The post InsurTech Summit 2025 Highlight: What’s Holding Insurers Back from Tech Adoption? appeared first on Insurance Journal TV.
This conversation highlights the vital role of the National African American Insurance Association (NAAIA) in advancing Diversity, Equity, and Inclusion (DEI) across the insurance industry. Leaders from NAAIA discuss how the organization champions representation at all levels—from entry-level to executive—while creating intentional spaces of belonging. They also explore how NAAIA helps reframe the industry’s image for younger generations, emphasizing the wide range of careers in insurance and helping connect diverse talent to meaningful opportunities. Watch in this clip from RIMS RISKWORLD in Chicago with Insurance Journal’s Vice President of Content, Andrea Wells as she speaks with Jephtha J. Snow, National Operations Director at NAAIA.
To sign up for Insurance Journal’s Risky Future Summit, click here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: Creating Space for Everyone – NAAIA’s Mission to Diversify Insurance appeared first on Insurance Journal TV.
The future of collaboration between insurers and InsurTech providers hinges on the rise of agentic AI—systems of generative AI bots that work together to complete complex tasks without human input. But to unlock their full potential, core systems and data infrastructures must be hyper-connected. In this clip, Elizabeth Blosfield, Deputy Editor of Carrier Management talks with Margeaux Giles of IRYS about how industry leaders should prioritize upgrading their digital foundations now to stay competitive and fully leverage next-gen automation in the years ahead.
Check out this highlight from the 2025 InsurTech Summit! To watch all the panels visit https://theinsurtechsummit.com/
The post InsurTech Summit 2025 Highlight: Is Your Insurance Tech Stack Ready for the Agentic AI Revolution? appeared first on Insurance Journal TV.
In the second episode of the insurance wrap-up, the focus is on key insights from the 2025 InsurTech Summit, which showcased notable guests and discussions. Margo Giles highlights the importance of agentic AI in fostering collaboration within the insurance sector, while Alexis Vaughn points out education and job security fears as significant barriers. The episode emphasizes the necessity of trust and partnerships for agility and technological advancement, as discussed by Jean Finnegan. Additionally, James Benham addresses the challenges posed by legacy systems, advocating for modern solutions, and Ryan Griffin stresses the importance of regulatory compliance in the evolving landscape of InsurTech. The episode concludes with a reminder of the industry’s shift towards a decision-making era, underscoring the potential of AI to enhance productivity and innovation.
Catch the entire summit on demand at https://theinsurtechsummit.com/
💥 Empowering the Future of Insurance Innovation! 💥
A special thanks to our generous sponsors: Snowflake, Glia, and Agentech. Let’s show them some support for making the InsurTech Summit free for all to attend! #InsurTech
The post InsurTech Summit 2025 Wrap-Up: Overcoming Legacy Systems, AI and Industry Transformation appeared first on Insurance Journal TV.
Insurance blind spots can really trip up small businesses, and those oversights often make themselves apparent at the wrong time—when coverage is triggered by a loss. We spoke with the Carla Woodard, senior vice president of claims at Pie Insurance, about how claims professionals can help these companies.
To learn more about Claims Journal’s Expert Viewpoints series, visit https://www.claimsjournal.com/expert-viewpoints/
The post Claims Pros and Their Role in Dealing with Small Business Insurance Blind Spots appeared first on Insurance Journal TV.
In this episode, Jason Ott, President of Aon Private Risk Management, and Diane Delaney, Executive Director of the Private Risk Management Association, spoke about the biggest cyber risks faced by high-net-worth individuals and how insurers can help navigate them. From social engineering scams to fraudulent electronic fund transfers, the risk environment is every changing. These two guests unpack the critical distinctions between cyber and crime insurance and emphasize the importance of tailored coverage, proactive risk management, and education in a landscape where public profiles, smart devices, and lifestyle choices heighten exposure. They also share trends, coverage gaps, and strategies insurers can use to better serve affluent clients facing complex and often blended personal-business cyber vulnerabilities.
The post EP. 103: Managing Digital Risks in the High-Net-Worth Space appeared first on Insurance Journal TV.
In this conversation, Scott Seaman of Hinshaw & Culbertson LLP, emphasizes that while legal risks around AI in insurance do exist, the bigger issue is ensuring that insurers lead with AI rather than react to it. He argues that strong AI capabilities — built and governed by knowledgeable professionals — are key to compliance and success in a transforming industry. Despite minimal federal regulation, the true risk lies in flawed implementation, poor oversight, and lack of human control. From underwriting to fraud detection to navigating social inflation, the strategic use of AI will define future industry leaders.
Check out this highlight from the 2025 InsurTech Summit! To watch all the panels visit https://theinsurtechsummit.com/
The post InsurTech Summit 2025 Highlight: Are Insurers Ready to Lead — or Be Led — by AI? appeared first on Insurance Journal TV.
On this installment we’re joined by Itai Ben-Zaken, founder and CEO of Honeycomb, an MGA with AI-driven technology to analyze aerial photographs of commercial building roofs to assess their condition. Honeycomb launched with admitted markets but recently expanded to E&S, opening up more opportunities for retail agents to place tough risks. For example, many carriers are active in multifamily property but carve out anything older than 25 years. With 80% of these structures built before 2000, that means 80% of the market is underserved, Itai says. Honeycomb’s “roof model” is hyper-specific, giving underwriters more confidence to take on risks even in troubled areas. Itai also comments on the broader state of insuretech. He sees an opportunity for innovators particularly in the environmental space. “If weather patterns are changing, the traditional insurance models are not accustomed to working with that.”
This episode of Insurance Journal’s On Point podcast is sponsored by AM Best Information Services. Turn to AM Best for solutions to the complex challenges you face—with ratings, research, news and data analytics to cover the insurance industry.
The post Honeycomb Addresses Multifamily Housing Coverage appeared first on Insurance Journal TV.
Join George and Patrick in this IJA Aftershow episode as they talk with Kevin Amrhein about the latest class, Commercial Property: Five Bombs and How to Defuse Them.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Kevin Amrhein | Five Commercial Property Pitfalls and How to Avoid Them appeared first on Insurance Journal TV.
Allen Laman, Content Editor at Insurance Journal, chats with Stacie Kroll, Managing Director – Higher Education Practice at Gallagher, about a surprising and often overlooked area of risk management: business interruption in research environments. As insurers struggle to assess the true value of highly sensitive assets—like century-old scientific samples stored in lab freezers—risk managers are using data-driven mapping to better quantify and communicate potential losses. This emerging trend is reshaping how insurers and clients think about high-value research spaces and what’s really at stake when the power goes out.
To sign up for Insurance Journal’s Risky Future Summit, click here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: Why Business Interruption in Research Labs Is a Growing Concern appeared first on Insurance Journal TV.
Has the adoption of recreational cannabis laws affected workers’ compensation claims? A new study from the Workers Compensation Research Institute seeks to answer that question and others related to cannabis use and workers. We spoke with Vennela Thumula, policy analyst at the WCRI and lead author of the study, to get lots of data for the latest episode of our podcast.
The post 102: How Recreational Cannabis Laws Have Affected Workers’ Comp Claims appeared first on Insurance Journal TV.
In this video from RIMS RISKWORLD in Chicago, Insurance Journal’s Vice President of Content Andrea Wells talks with Paul Lavelle, Former Head of U.S. National Accounts of Zurich North America, about the growing uncertainty facing businesses due to global tariffs, economic volatility, and shifting geopolitical dynamics. From fluctuating material costs to volatile stock markets and slowed IPO activity, companies are being forced to rethink investments and risk strategies amid rapid policy changes.
To sign up for Insurance Journal’s Risky Future Summit, click here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: How Might Geopolitics and Tariffs Reshape Business Risk Today? appeared first on Insurance Journal TV.
In this candid discussion with summit host Elizabeth Blosfield, Deputy Editor of Carrier Management, Marcus Daley, Co-Founder of NeuralMetrics, highlights the delicate balance InsurTechs and insurers must strike between innovation and regulation. He emphasizes the power of AI to reduce bias and expand access to underserved markets, while also cautioning that successful AI integration hinges on the people guiding it.
Check out this highlight from the 2025 InsurTech Summit! To watch all the panels visit https://theinsurtechsummit.com/
The post InsurTech Summit 2025 Highlight: How InsurTechs Can Embrace AI Without Losing Sight of Compliance appeared first on Insurance Journal TV.
Industry experts discuss how AI is transforming insurance operations, especially in underwriting and compliance. While the technology offers powerful efficiency gains, there’s growing concern around data use, internal reporting, and regulatory uncertainty. With enforcement often following major missteps, insurers are urged to proactively align with best practices to avoid becoming cautionary tales. Watch this highlight from the InsurTech Summit 2025 with host Elizabeth Blosfield talking with Ryan Griffin of McGill and Partners.
To watch all the panels from this year’s InsurTech Summit presented by Carrier Management, visit https://theinsurtechsummit.com/
The post InsurTech Summit 2025 Highlight: Insights on Risk, Compliance, and Innovation appeared first on Insurance Journal TV.
At RIMS RISKWORLD Chicago, Andrea Wells, Vice President of Content at Insurance Journal talks with Priscilla Pazmino-Vitela about how insurers are stepping up as true partners—not just policy providers. From traditional coverage to cutting-edge ART structures, loss prevention, cat modeling, and parametric solutions, insurers are offering collaborative, data-driven support to help clients stay resilient in an unpredictable world.
To sign up for Carrier Management’s InsurTech Summit visit https://theinsurtechsummit.com/ and Insurance Journal’s Risky Future here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: How Insurers Are Partnering With Clients to Navigate Risk in 2025 appeared first on Insurance Journal TV.
Join George Jack in this episode of the Aftershow as he talks with Brenda Wells about the latest class, PFAS: An Evolving Risk That Won’t Go Away.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Brenda Wells | PFAS: Navigating the “Forever Chemical” Risk That Just Won’t Quit appeared first on Insurance Journal TV.
In the first episode of The Insurance Wrap-Up, Allen Laman, Elizabeth Blosfield, and Ezra Amacher dive into the evolving landscape of InsurTech, spotlighting trends in collaboration between startups and legacy carriers, innovations in AI, and the modernization of core systems. They highlight key articles and expert insights on AI’s role in fraud detection and underwriting. Check it out!
The post The Rise of InsurTech: 10 Moments Covering the Transformation of the Industry appeared first on Insurance Journal TV.
Professor William Roberts of Bowie State University predicts an emerging risk flying under the radar: a looming employment crisis. With possible tariffs shaking the markets and a possible recession on the horizon, job security is entering uncertain territory. He points to a growing wave of federal retirements and predicted layoffs just as new graduates enter a tightening job market — setting up a competitive clash that could disrupt career paths and economic stability. Check out this interview with Insurance Journal’s Content Editor Allen Laman at RIMS RISKWORLD in Chicago!
To sign up for Carrier Management’s InsurTech Summit visit https://lnkd.in/eiTZAyY and Insurance Journal’s Risky Future here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: Possible Employment Shockwave Ahead? appeared first on Insurance Journal TV.
This Expert Viewpoint clip, led by Claims Journal’s Don Jergler, highlights the complexities of insuring battery energy storage systems (BESS) with Alex Degan of J. S. Held. Learn how to assess exposure by understanding the facility’s operations, monetization models, and potential shifts during a claim. This video is part of our Expert Viewpoints series—bringing you real insights from the people shaping the future of claims.
To read more Expert Viewpoints, visit https://www.claimsjournal.com/expert-viewpoints/
The post How Do You Accurately Estimate Exposure for Battery Energy Storage Systems? appeared first on Insurance Journal TV.
Do you truly understand your policyholders, distribution partners and employees? Do you have a clear lens into what competitors are doing? If your organization attempts to get feedback all by itself or relies on ad-hoc, anecdotal feedback from key stakeholders, you will miss opportunities to evolve and innovative. On this recording, research whiz Mackenzie Wilson unpacks best practices. Customer experience work “is the foundation of any business,” she says. “It doesn’t matter how big or small you are.” Yet, only about 30% of firms in any industry—and even lower in insurance—have a formalized program for voice-of-client experience. As much as they talk about it, they don’t really invest today as they should.” They also are missing the employee perspective with surveys that don’t generate authentic and actionable insights. Often, the initial corporate reaction to research “is very tactical and one-off. Everyone is so excited to get feedback. But they don’t understand how it can be operationalized instead of being a single transactional movement.” Firms should implement a standard, ongoing protocol for capturing the voice of key business partners, Mackenzie says. In this way, they’ll be more proactive and reach out to diagnose problems. “Why do people build products or services? They want to solve a problem. Any new initiative started with a problem.” She also reveals a few tricks to get customers to spill a little extra “tea” during interviews.
The post What Do Your Customers Really Think? appeared first on Insurance Journal TV.
Social inflation is no buzzword—it’s a billion-dollar problem reshaping the insurance industry. Learn what’s really driving legal abuse in this interview with Insurance Journal’s Vice President of Content Andrea Wells and Allen Kirsh, SVP, Head of Claims Judicial and Legislative Affairs at Zurich North America, at RIMS RISKWORLD in Chicago!
To sign up for Carrier Management’s InsurTech Summit visit https://theinsurtechsummit.com/ and Insurance Journal’s Risky Future here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: What’s Fueling Legal Abuse & Nuclear Verdicts in Insurance? appeared first on Insurance Journal TV.
As businesses lean on AI for smarter decisions and faster operations, the risks grow just as fast. From hallucinated outputs to liability landmines, find out why tailor-made AI insurance is no longer optional—it’s essential. Watch this interview with Insurance Journal’s Vice President of Content Andrea Wells and Antonio Albanese, Executive Vice President – Head of Surety at Nationwide at RIMS (Risk and Insurance Management Society, Inc.) RISKWORLD in Chicago!
To sign up for Carrier Management’s InsurTech Summit visit https://theinsurtechsummit.com/ and Insurance Journal’s Risky Future here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: AI Is Evolving—But Is Your Insurance Ready? appeared first on Insurance Journal TV.
In a shifting market cycle, maintaining strong client relationships comes down to one timeless skill: communication. From understanding client needs to treating every renewal like a fresh opportunity, transparency and collaboration as the foundation for long-term success in risk management. Watch this interview with Insurance Journal’s Vice President of Content Andrea Wells and Ian Gormley, UK CEO at BMS Group, at RIMS RISKWORLD in Chicago!
To sign up for Carrier Management’s InsurTech Summit visit https://theinsurtechsummit.com/ and Insurance Journal’s Risky Future here https://riskyfuture.com/
The post RIMS RISKWORLD 2025: How Clear Communication Builds Resilient Risk Partnerships appeared first on Insurance Journal TV.
In the weekly webinar Aftershow, the focus was on mitigating risk in subcontractual relationships. Michael DeFelice presented on the importance of insurance requirements in construction contracts, emphasizing that typical contracts often need adjustments to address specific risks in the webinar class – this Aftershow discussion with Patrick Wraight and George Jack highlighted that all parties in a construction contract share responsibility for risk, and a basic understanding of these risks is crucial. To watch the full class visit https://www.ijacademy.com/mitigating-risk-in-the-subcontractual-relationship-through-insurance
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Patrick Wraight | Building Safer Contracts appeared first on Insurance Journal TV.
The development and growth of energy storage poses numerous opportunities and risks insurance and claims professionals should know about. Alex Degan with J. S. Held spoke with Claims Journal’s Don Jergler about energy storage and the implications all of the developments in that area.
To read more expert viewpoints, visit https://www.claimsjournal.com/expert-viewpoints/
The post The Growing Buzz Around Energy Storage and What It Means for Claims Professionals appeared first on Insurance Journal TV.
At RIMS RISKWORLD, Elizabeth Blosfield, Deputy Editor for Carrier Management, interviews Joann Balous, VP of Sales and Marketing for National Accounts at Travelers, about the latest trends in mergers and acquisitions (M&A) within the insurance sector. In this conversation, Joann highlights key findings from Travelers’ recent M&A survey, exploring risks and opportunities for large and mid-market companies. From managing insurance coverage during mergers to addressing cultural disruptions, learn how proactive communication can help insurers navigate the complexities of M&A and ensure continued growth in the industry.
To sign up for Carrier Management’s InsurTech Summit or Insurance Journal’s Risky Future Summit click here.
The post RIMS RISKWORLD 2025: M&A Activity and Risks Shaping the Insurance Landscape appeared first on Insurance Journal TV.
In this interview from RIMS RISKWORLD, Elizabeth Blosfield, Deputy Editor of Carrier Management, speaks with Michael Von Gablenz, Head of Insure AI at HSB, about the difference between technical and nontechnical AI risks, how coverage is being designed to address them, and how insurance has historically enabled technological adoption.
To sign up for Carrier Management’s InsurTech Summit or Insurance Journal’s Risky Future Summit click here.
The post Insuring the Future: Why AI Insurance Is the Next Frontier in Risk Management appeared first on Insurance Journal TV.
In part two of this interview at RIMS RISKWORLD, Allen Laman continues his conversation with Jennifer Akre, Managing Partner at Tyson & Mendes, about the growing integration of AI in insurance defense. Tyson & Mendes focuses on insurance defense and litigation, and through its sister insurtech company, Schaefer City Technologies, helps insurance companies and their defense counsel spot and defend against nuclear verdicts using AI technology. Jennifer also explains the importance of addressing juror anger, with the firm’s “Apex Method” to reduce the likelihood of nuclear verdicts. As the insurance industry navigates the challenges of AI, legal ethics, and emerging risk factors, the conversation offers a glimpse into the future of defense strategies.
To sign up for Carrier Management’s InsurTech Summit or Insurance Journal’s Risky Future Summit click here.
The post AI in Insurance Defense: Predicting & Containing Nuclear Verdicts appeared first on Insurance Journal TV.
Special Live Podcast Episode! Join the Golfertainment crew – George Jack, Patrick Wraight, and Kevin Amrhein, – as they tee off on hurricane prep and its surprising connections to golf, rap, and insurance! 💥 🎤🎥 Special guest Curtis Goldsborough aka LO$$ RATIO (Insurtech Aficionado & 🎥 Creator) joins the conversation for an episode you won’t want to miss! #InsurTech #HurricanePrep
The post EP. 11: Teeing Off on Hurricane Prep: Live Golfertainment with Curtis Goldsborough! appeared first on Insurance Journal TV.
In this discussion at RIMS RISKWORLD 2025, Elizabeth Blosfield of Carrier Management interviews Jeff Cohen, SVP, and Jim Blinn, VP of Client Solutions at Zywave, about the emerging risks linked to generative AI. They highlight the unexpected consequences AI poses to organizations, from shareholder dissatisfaction to privacy and intellectual property concerns. The conversation emphasizes the evolving challenges companies face as they integrate AI technologies and the regulatory scrutiny that follows.
To sign up for Carrier Management’s InsurTech Summit or Insurance Journal’s Risky Future Summit click here.
The post RIMS RISKWORLD 2025: Emerging Risks in Generative AI – Privacy, Intellectual Property, and Data Challenges appeared first on Insurance Journal TV.
Andrea Wells from Insurance Journal reports from RIMS RISKWORLD 2025, where she speaks with Pete Kranz, SVP, Director of Risk Finance (ART) and Strategic Solutions at Alliant. They discuss the growth of ART solutions in the construction industry, including contractor-controlled insurance programs, subcontractor default programs, and builders risk. Pete explains why construction firms are increasingly turning to alternative risk financing solutions as the insurance market hardens, and how taking greater control over subcontractor risks is becoming more common.
To sign up for Carrier Management’s InsurTech Summit or Insurance Journal’s Risky Future Summit click here.
The post RIMS RISKWORLD 2025: Pete Kranz on ART Solutions, Construction Risk Financing, and Shifting from Traditional Transfer appeared first on Insurance Journal TV.
At RIMS RISKWORLD 2025, Insurance Journal’s Allen Laman interviews Jennifer Akre, Managing Partner at Tyson & Mendes, about evolving litigation trends. Jennifer highlights her firm’s innovative approach to handling medical damages, focusing on under-the-radar risks in medical billing practices. She explains how Tyson & Mendes distinguishes between expert witnesses and treating providers, using discovery to uncover hidden practices that could impact case outcomes. Additionally, Jennifer shares the firm’s role in coining the term “nuclear verdict,” reshaping the industry’s understanding of high-stakes legal cases.
To sign up for Carrier Management’s InsurTech Summit or Insurance Journal’s Risky Future Summit click here.
The post RIMS RISKWORLD 2025: Jennifer Akre on Litigation Trends and Medical Billing Practices appeared first on Insurance Journal TV.
In this IJA Aftershow, George talks with Chris Boggs about his latest class, BAP Coverage Symbols: There’s Gold in Them There Numbers.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Chris Boggs appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, take a deep dive into the latest challenges in cyber risk management with experts from cybersecurity and cyber insurance firms. Kaustubh Medhe, vice president of research and threat intelligence at Cyble, shares insights from Cyble’s new report, Securing BFSI: An Integrated Approach to Cybersecurity and Brand Protection, highlighting emerging threats and defense strategies for businesses of all sizes. Peter Hedberg, vice president of underwriting at Corvus, addresses common misconceptions in cyber insurance, how policies are evolving, and why this is an essential conversation for executives and boards. Check it out!
The post EP. 97: Critical Cyber Threats and the Future of Cyber Insurance appeared first on Insurance Journal TV.
AI offers revolutionary benefits on par with the Internet, but businesses must address six key risks to fully capture its potential while ensuring safety and compliance. In this excerpt, Elizabeth Blosfield, Deputy Editor of Carrier Management, talks with Matt Van Itallie, Founder and CEO of Sema about six key concerns. To watch the full interview and the rest of the summit talks, visit riskyfuture.com.
Main Points:
- Six Critical AI Risks: Key concerns include confident inaccuracies, data bias, and challenges with legacy system integration, all of which need careful management to unlock AI’s value.
- Data Privacy and Compliance: With AI’s vast data processing capabilities, ensuring privacy and meeting regulatory requirements become even more critical.
- New AI-Driven Risk Categories: As AI-generated code introduces novel risk factors, organizations must adjust their risk management strategies to include AI-specific threats.
ArtificialIntelligence #AIrisks
The post AI’s Transformative Potential & Navigating New Risks appeared first on Insurance Journal TV.
You’ll enjoy the interesting life and business journey of our guest Satvinder Kaur. She’s originally from India, and marketing executive roles at various carriers led her to the USA. Most recently she oversaw the brand refresh for the agency network Acrisure. Today, Satvinder urges insurance marketers to learn all they can about AI and employ new tools for customer acquisition and engagement. She has built a framework for learning: Her new “Find a hack” innovation workshop helps marketers discover pathways. But a dose of reality is in order, too. “Remember when smart phones were the talk of the town?” Satvinder asks. “You don’t hear people now saying, ‘The smart phone is my edge.’ AI will be like that. We’ll all have it.” She advises insurance marketers to “find the problem you want to solve. It’s not the problem the AI vendor is bringing to you, where maybe they solved a problem for a luxury brand. Find your own problem to solve.”
The post Insurance Marketers: Get More AI Smarts appeared first on Insurance Journal TV.
This episode of Between the Lines dives into the rapidly evolving landscape of AI-driven claims fraud, offering insights on how claims professionals can balance traditional detection methods with advanced AI tools to protect against sophisticated scams. Elizabeth Blosfield, Deputy Editor of Carrier Management, will speak with experts in this field including: Shane Riedman, president of anti-fraud analytics, Verisk, Sam Krishnamurthy, Chief Technology Officer, Turvi, and Darcy Rittinger, Chief Risk Officer, Cover Genius.
Click here to register for free to this episode on Dec. 10, 2024!
Main Points:
- Emerging Threats in Claims Fraud: Understand how AI technology is reshaping fraud, with new tactics like deepfakes challenging traditional fraud detection.
- Advanced Detection Tools: Discover the cutting-edge tools that insurers can leverage to combat AI-generated fraud and stay ahead in the fight.
- Human Expertise Meets AI: Explore the importance of combining human intuition with AI insights to identify and prevent fraudulent claims effectively.
ClaimsFraud #AIinInsurance #InsurTech
The post New BTL: AI Arms Race in Claims and Staying One Step Ahead of Evolving Fraud Tactics appeared first on Insurance Journal TV.
Insurance carriers now leverage vast data and social media insights, creating both challenges and opportunities for businesses in managing risk and maintaining transparency. This excerpt from the Risky Future Summit highlights Andrea Wells’, Vice President of Content at Insurance Journal, interview with Skylar Romines, Founder/Owner of ATW Advisors, about these opportunities – to watch the full interview and the rest of the talks from the summit, visit riskyfuture.com.
Main Points from this talk:
- Unprecedented Data Access for Carriers: With tools like real-time satellite imaging, underwriters can identify risks in properties before owners are even aware, making proactive management essential.
- The Dangers of Misrepresentation: Businesses that falsely advertise services or assets on websites or social media can raise red flags with insurers, potentially leading to increased scrutiny or higher premiums.
- Social Media as a Safety Tool: Internally, social media can foster a strong safety culture by allowing leaders to share personal experiences, encouraging transparency and safety reporting among employees.
RiskManagement #InsuranceData
The post How Data and Social Media Are Reshaping Risk Management in Insurance appeared first on Insurance Journal TV.
At ITC in Las Vegas, Elizabeth Blosfield talks with vendors and attendees about how insurers are investing in InsurTech partnerships to drive innovation, improve data access, and deliver value across the insurance ecosystem.
Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!
InsurTech #InsuranceInnovation #DigitalTransformation
The post Fueling Innovation: How InsurTech Partnerships Are Transforming Insurance with Data and Digital Collaboration appeared first on Insurance Journal TV.
At ITC Vegas, Carrier Management Deputy Editor Elizabeth Blosfield talks with vendors and attendees about the transformative role of AI and automation in simplifying claims, reducing costs, and improving customer satisfaction for insurers.
In this interview, Elizabeth talks with Bill Bowser, Senior Vice President of Global Industry Relations and North American Claims Sales at Solera, Inc., Bradley Williams, President of Simply Easier Payments, Arvind Kaushal, CEO and Co-Founder of Cogitate, and Jacqueline Schaendorf, President and CEO at Insurance House.
Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!
ClaimsAutomation #InsuranceInnovation
The post InsurTech & Traditional Insurers: Shaping the Future of Claims with AI and Automation appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, join George and Patrick as they talk with Chris Boggs about his latest class, The Easy Questions No One Asks (Including YOU), And What Happens When You Don’t.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Chris Boggs appeared first on Insurance Journal TV.
CBD, once considered a safer cousin to sell and to insure than marijuana, has become a bit of a gray area for regulators and insurers. That’s because of the lack of regulatory guidance, and the fact that the Farm Bill has yet to be finalized. There’s a level of trepidation in the insurance industry, but one insuring cannabis specialist sees the CBD space as an opportunity for producers. For our latest podcast, we spoke with Summer Jenkins-Wilson, a principal with Capital Green Consulting.
The post 96: CBD’s Gray Area an Opportunity for Insuring Cannabis Specialists appeared first on Insurance Journal TV.
Explore key Insurtech trends transforming the industry, from harnessing data-driven insights to the rise of automation and new safety metrics, in this sneak peek from the Insuring Cyber podcast. To watch the full recap of Elizabeth’s visit to ITCVegas, click here to view the episode!
To sign up or register to be a speaker at next year’s Carrier Management InsurTech Summit visit theinsurtechsummit.com!
DataDriven #Automation
The post Insurtech Insights: Data, Automation, and Road Risk Trends Shaping the Future appeared first on Insurance Journal TV.
Discover how risk management practices from construction and real estate intertwine to create comprehensive safety protocols, driving strategic decisions and preventing claims. This excerpt of Andrea Wells, Vice President of Content for Insurance Journal and Tiara Wallace Director of Risk Management of Invesco Real Estate, discusses the differences and similarities of risk management from a real estate and construction perspective. To watch the full interview and the rest of the panels from the summit, visit riskyfuture.com to watch the videos on-demand!
Main Points:
- Similar yet Distinct Risk Indicators: While real estate and construction share common risk factors, real estate focuses more on incident reporting to monitor trends and update safety protocols.
- Holistic Approach to Risk Management: By understanding safety practices across industries, risk managers can create strategic programs that mitigate claims, lawsuits, and accidents.
- Industry Collaboration for Risk Mitigation: Open communication with carriers, brokers, and risk consultants helps tie risk behaviors to claims and inform key decisions within organizations.
RiskManagement #ConstructionSafety #RealEstateRisk
The post Bridging Risk Across Real Estate and Construction appeared first on Insurance Journal TV.
At the Risky Future Summit, experts highlight the need for intentional, outcome-driven coaching as a vital part of risk management, urging companies to reconsider how accountability and acceptable risk shape their insurance and operational strategies. This clip highlights the conversation with Insurance Journal’s Chad Hemenway and Darren Beard, Director of Transportation Risk Control — to watch the full panel and the rest of the talks from the summit, click here!
Main topics covered:
Intentional Coaching for Results: Coaching must focus on clear objectives and accountability, rather than being a checkbox task, to effectively change behaviors and reduce risk.
Accountability vs. Overload: Placing the coaching burden on overworked employees can lead to ineffective results, especially when repeat behaviors are not addressed through proper support.
Understanding Acceptable Risk: Companies must align their coaching and risk management strategies with their acceptable risk levels to gain better positioning in the insurance marketplace.
RiskManagement #EffectiveCoaching #RiskyFutureSummit
The post Coaching Accountability and Risk Management appeared first on Insurance Journal TV.
Experts at ITCVegas 2024 highlight AI, cloud adoption, and digital modernization as top priorities for reshaping the insurance industry over the next five years. Allen Laman of Carrier Management talks with Charles Mattson, Senior Account Executive of Creatio, and Rana Ganguli, Global Vice President, Financial Services at Newgen Software about what they’re seeing in the industry.
Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!
AIinInsurance #CloudAdoption
The post InsurTech Leaders Predict Major Shifts in Insurance as AI, Cloud, and Modernization Take Center Stage appeared first on Insurance Journal TV.
The insurance industry is experiencing the infancy of general AI — not generative AI, but general AI, according to thought leader Bryan Falchuk. He’s an author, speaker and CEO of PLRB. “Specific AI is like having a cake recipe, all the necessary ingredients, and you bake the cake. General AI is asking, ‘Here is what’s in the fridge; figure out what to cook.’ It’s looking at the world around you and thinking of paths forward.” Bryan says viewing AI for expense management is not the path to profitability and change. “If we think of AI as just an efficiency tool, we won’t get the full value out of it. Because even if you squeeze a few more points out of the expense ratio, that won’t change the game. The path to ultimate success…Is where there are things that humans can never see as pieces of a disparate jointed puzzle, but humans could help orchestrate the coming together of that puzzle with the right AI tools. For us that means more coverage at a lower price for more risks, underwriting profitability and claims excellence, which is ultimately what we should be doing.” Brian also argues what is required to retain talented younger workers. Hint: Invest again in training!
The post AI Not Just for Expense Management appeared first on Insurance Journal TV.
Join Patrick in this IJA Aftershow as he speaks with Frederick Fisher about the latest class, Evolution of Policy Language that Can Get You Sued.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Frederick Fisher appeared first on Insurance Journal TV.
Allen Laman of Carrier Management talks with Mercedes Conception-Gray, Industry Chief Strategy and Growth Leader at NTT DATA Services, about the evolution of InsurTech, the challenges facing startups, and the industry’s need for tech solutions that provide lasting value at the InsureTech Connect conference in Las Vegas.
Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!
The post ITC Vegas Technology Trends: Navigating Growth, Skepticism, and Future Partnerships appeared first on Insurance Journal TV.
For this episode of The Insuring Cyber Podcast, we’re taking a look at highlights from the Insurtech Connect conference, held this year at Mandalay Bay in Las Vegas! Hear InsurTechs talk about trends they’re seeing in the space that are shaping the future and what they view as their superpower. Check it out!
Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!
The post EP. 96: InsurTechs Talk Trends, Superpowers at ITC Las Vegas appeared first on Insurance Journal TV.
Explore how robust risk management serves as the foundation for cannabis operators, with insurance as a vital backstop against unexpected losses. Watch this clip from the Insuring Cannabis Summit 2024 as Al Ochosa of Curaleaf talks about what he’s seeing in the industry. To watch the full on-demand videos from the summit click here!
To register for free to next year’s summit or to be a speaker click here!
The post Risk Management: The First Line of Defense in Cannabis Insurance appeared first on Insurance Journal TV.
Andrea Wells reports from the WSIA conference in San Diego. She talks with Tom Ruggieri, CEO of XPT Group, as he highlights how consolidation in the wholesale insurance sector is leading to dissatisfaction among producers, prompting talent movement and a search for new opportunities.
InsuranceConsolidation #TalentMovement
The post Talent and Competition in Wholesale Insurance with CEO of XPT Group, Tom Ruggieri appeared first on Insurance Journal TV.
AI and LLMs are driving significant advancements in the insurance industry, streamlining processes and enhancing capabilities. Elizabeth Blosfield, Deputy Editor of Carrier Management, talks with Arvind Kaushal of Cogitate and Jacqueline Schaendorf of Insurance House about what they’re seeing in the industry at ITC Las Vegas.
To sign up or register to be a speaker at next year’s Carrier Management InsurTech Summit visit theinsurtechsummit.com!
InsurTechConnect #AIinInsurance
The post AI, Partnerships, and the Future: Insights from ITC Las Vegas appeared first on Insurance Journal TV.
Experts at the Risky Future Summit warn that while insurance rates are climbing, the real concern is whether they are sufficient to cover increasing losses, with commercial auto emerging as a critical pain point across industries. Watch this excerpt as Insurance Journal’s Chad Hemenway talks with John Ehinger, President of Orion Fleet Intelligence about what he’s seeing in the auto market today! To watch the full panel discussion, click here!
Main Points:
Rate Adequacy Uncertainty: While rates are rising, insurers are questioning if they are enough to keep up with growing claims and reserve increases.
Commercial Auto Struggles: The issue with commercial auto coverage goes beyond trucking, affecting various sectors and being seen as a loss leader for many companies.
Retention Over Risk: Many businesses feel compelled to write commercial auto policies to retain larger package deals, despite significant financial losses.
RiskyFutureSummit
The post Rising Rates and Coverage Challenges in the Auto Market appeared first on Insurance Journal TV.
Insurtech companies at ITC conference in Las Vegas are exploring emerging trends like experiential platforms and AI agents, prompting larger players to reconsider their business models and collaboration strategies. Carrier Management‘s Allen Laman talks with vendors and attendees about what they’re seeing in the industry and what the future holds. Allen speaks with Chase Courtney of AndDone and Mike Prentice, Director of Solutions at Pyramid Solutions, Inc.
Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!
Insurtech #AIAgents #Innovation
The post ITC Las Vegas 2024: AI Agents and Platform Evolution Shaping the Future appeared first on Insurance Journal TV.
Allen Laman of Carrier Management discusses emerging trends in agency management systems and AI-driven solutions at InsureTech Connect Las Vegas (ITC) with Chase Courtney, CPA, of AndDone, Mike Prentice of Pyramid Solutions, Inc., and Chris Herzberg of One10.
Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!
InsurTech #AgencyManagement
The post From ITC Las Vegas – A Look at Major Trends in the InsurTech Industry appeared first on Insurance Journal TV.
Elizabeth Blosfield, Deputy Editor of Carrier Management, discusses AI adoption and its impact on transforming claims processing with vendors and those attending the InsureTech Connect in Las Vegas (ITC)! Elizabeth speaks with Abhijeet Jhaveri, Executive Vice President at ValueMomentum, and Bill Brower, Senior VP of Global Industry Relations & North America Claims Sales at Solera, Inc.
Interested in attending or speaking at Carrier Management’s virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com!
InsurTech #AIinInsurance #ITC
The post Live at ITC: AI Revolutionizing Claims Processing From Weeks to Minutes appeared first on Insurance Journal TV.
Allen Laman of Carrier Management talks with Chris Herzberg, VP of Enterprise Solutions at One10, about insurtech innovations and the growing collaboration between suppliers and carriers at the 2024 InsureTech Connect conference in Las Vegas.
To sign up or register to be a speaker at next year’s Carrier Management InsurTech Summit visit theinsurtechsummit.com!
InsuranceCollaboration #EmergingTech
The post Collaboration and Emerging Trends: InsurTech’s Hidden Innovations at ITC Vegas appeared first on Insurance Journal TV.
Kelly De La Mora of Claims Journal reports live from InsureTech Connect in Las Vegas! Kelly talks with Amy Cooper, Founder of RISE & VP Carrier Practice at Gallagher Bassett, ODG by MCG, and Michel Caron, Vice President of Sales at Solera, about what they think about the future of insurance.
To sign up or register to be a speaker at next year’s Carrier Management InsurTech Summit visit theinsurtechsummit.com!
ITC2025 #FutureOfInsurance
The post The Future of Insurance at InsureTech Connect 2024 (ITC) in Las Vegas! appeared first on Insurance Journal TV.
Reporting from the WSIA annual conference, Andrea Wells, Vice President of Content at Insurance Journal talks with Danny Kaufman, President of Burns & Wilcox, as he reflects on the 55 years of the company’s industry experience, highlighting the keys to surviving and thriving through hard and soft markets.
The post Thriving Through Market Shifts in the Insurance Industry appeared first on Insurance Journal TV.
Insurance Journal’s inaugural Risk Management Summit, Risky Future, offers in-depth discussions on AI, disaster response, and risk management strategies from industry leaders – available on-demand for professionals. Watch this exclusive bonus talk with Carrier Management’s Deputy Editor Elizabeth Blosfield and Insurance Journal’s Content Editor Allen Laman as they highlight some clips from the 2024 Risky Future summit!
To view the full panel discussions on demand, click here to watch, free for a limited time!
RiskyFuture #RiskManagement #Insurance
The post Insurance Journal’s Risky Future Summit LinkedIn Live Wrap-Up! appeared first on Insurance Journal TV.
Andrea Wells, Vice President of Content at Insurance Journal reports from the WSIA annual conference in San Diego. She talks with Michael Miller, CEO of Pivix Specialty Insurance Services, Inc., about the critical role of advanced technology platforms in the insurance industry’s future.
Transformation #Technology #WSIA
The post Tech Transformation: Staying Competitive in the Insurance Game appeared first on Insurance Journal TV.
As the election nears, key issues like the Gaza conflict, immigration, and the economy may trigger civil unrest, particularly in battleground states, shaping the election’s outcome and its impact on insurance claims. Check out this short clip from the latest Between the Lines episode, as Elizabeth Blosfield talks with Claire Fisher, Crisis Management Underwriter at Aspen Insurance. To watch the full interview, go to carriermanagement.com/research!
The post Key Election Issues and the Risk of Civil Unrest: What to Watch in the Coming Months appeared first on Insurance Journal TV.
Implementing a near miss reporting program can help companies prevent future incidents by providing critical insights through root cause analysis, ultimately enhancing workplace safety. Watch this clip from the Risky Future Summit as Andrea Wells, Vice President of Content at Insurance Journal, talks with William Brown Jr, Owner/President of Brown Safety Consulting about some tips he thinks help workplace safety. To watch the entire panel and all talks from the Risky Future Summit click here!
Main Points:
- Near miss reporting offers invaluable insights, similar to actual incidents, that can prevent potential risks from materializing.
- Root cause analysis of near misses helps identify patterns and underlying issues that could lead to more severe incidents.
- Creating a formal near miss reporting system encourages greater employee involvement and improves overall safety culture.
RiskManagement #WorkplaceSafety
The post Key to Safer Workplaces and Future Risk Prevention appeared first on Insurance Journal TV.
Explore the evolving landscape of cannabis insurance as industry leaders discuss cyber exposure, regulatory hurdles, and the implications of widespread business platforms on risk management. Watch this excerpt from the Insuring Cannabis Summit as Alan Fiano of Crum and Forster talks about what he’s seeing in the industry. To watch the full session and the on-demand videos from the summit, click here!
CannabisInsurance #CyberRisk
The post Navigating the Complexities of Cannabis Insurance: Cyber Risks and Regulatory Challenges appeared first on Insurance Journal TV.
Embedded insurance offers on-demand drivers flexible, affordable coverage, while providing platforms with a streamlined, trusted onboarding process. To watch the full interview with Elizabeth Blosfield and Dan Bratshpis, CEO of InsurTech Inshur, click here!
Main Points:
- Symbiotic Partnerships: Platforms like Uber and Amazon partner with insurance providers to offer flexible coverage, reducing onboarding friction and building trust.
- Tailored Insurance Products: Insurance policies are designed around driving behavior and real-time data, ensuring that coverage meets the unique needs of on-demand drivers.
- Cost-Efficient & Flexible: On-demand workers benefit from low-cost, usage-based insurance that integrates seamlessly with personal auto coverage, enhancing affordability and compliance.
EmbeddedInsurance #OnDemandEconomy
The post How Embedded Insurance is Revolutionizing On-Demand Driving appeared first on Insurance Journal TV.
By enhancing vendor partnerships and streamlining communication across departments, organizations can better prepare for emergencies and mitigate supply shortages during critical situations. Watch this excerpt from the Risky Future Summit as Andrea Wells, Vice President of Content at Insurance Journal, talks with Marissa Holland, Risk Manager at Hillwood Development Company about her view of the importance of vendor partnerships. To watch the whole interview and more talks from the Risky Future Summit click here!
3 Topic Points:
- Vendor shortages during emergencies highlight the importance of building strong and diverse vendor partnerships.
- Small organizations with complex structures must streamline vendor relationships across departments to optimize resource use during crises.
- Time constraints pose a major challenge for small teams, making proactive vendor management essential for effective crisis response.
Hashtags:
CrisisManagement #VendorPartnerships
The post Lessons in Crisis Management and Vendor Collaboration for Small but Complex Teams appeared first on Insurance Journal TV.
On this installment, we catch up with Ryan Hanley, a popular speaker, podcaster, consultant, thought leader on LinkedIn and Instagram, and a former independent agent. If you haven’t heard Ryan’s commentary, you’ll get an immediate sense of his edge, grit and determination to champion business success for others. His lessons for others are lessons he learned himself — and sometimes the hard way. As he sold insurance and “mastered the close,” he found himself drawn to the importance of strategy. So, today he helps other business leaders find their strategic pivot points. You’ll enjoy listening to Ryan’s stories and philosophy — which include an interesting interchange with his father-in-law. Ryan will be emcee for the agent/broker-focused track at the annual InsureTech Connect conference in Las Vegas, which kicks off October 14.
This episode is brought to you by MEM. We’re what workers comp should be! Get to know us at hello-mem.com to see how we can help you work with confidence.
The post Hanley Guides Agents at InsureTech appeared first on Insurance Journal TV.
In this IJA Aftershow, George and Patrick talk about the latest class, Digital Marketing and AI.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Tom Wetzel appeared first on Insurance Journal TV.
Driver training programs must emphasize the reasons behind ongoing education to maintain safety and ensure all team members, regardless of experience, stay vigilant and compliant. Watch this excerpt with Bill Dorfner, Senior Fleet Safety Manager at Nirvana Tech, Inc., as he talks about what he’s seeing in the industry. To watch the full panel and other panels from the Risky Future Summit click here!
- Ongoing Training is Crucial – Even experienced drivers need consistent training to avoid complacency and reinforce safe practices.
- Communicate the ‘Why’ – Clearly explaining the purpose and benefits of training helps employees understand its importance and increases engagement.
- Credibility Matters – Trainers must be knowledgeable about the material to retain credibility and effectiveness in their training programs.
DriverTraining #TransportationSafety
The post Effective Driver Training: Unlocking the ‘Why’ Behind Safety and Success appeared first on Insurance Journal TV.
Business leaders are adopting innovative methods like gamification and AI to enhance employee engagement and real-time decision-making in safety training, fostering both attention and proactive responses. Watch this excerpt from the kick-off panel of Risky Future, a Risk Management Virtual Summit — DeMarcus Strange, Risk Control Manager at INSURICA, talks about his experiences in the industry and how to engage employees for safety training. To watch the full panel and other talks from the Risky Future Summit, click here!
- Gamification Enhances Engagement: Incorporating gamification into safety training ensures participants stay focused and interact with the content, making learning more dynamic and enjoyable.
- AI for Real-Time Coaching: Leveraging AI provides employees with immediate feedback during scenarios, helping them improve decision-making and apply safety standards in practical situations.
- Intentional Training Methods: Business leaders are shifting towards real-time, scenario-based safety education, focusing on how employees can respond confidently while adhering to company standards.
EmployeeEngagement #SafetyTraining
The post Gamification and AI Transform Employee Engagement appeared first on Insurance Journal TV.
In this InsurTech update episode of The Insuring Cyber Podcast, Dan Bratshpis, CEO of InsurTech Inshur, discusses the company’s journey in transforming insurance for the on-demand economy. He shares how his family’s experience in the taxi industry shaped his understanding of the insurance needs of rideshare and delivery drivers and highlights the complexities and opportunities he found in launching a business like Inshur. Check it out!
The post EP. 95: Full Speed Ahead: How Rideshare is Driving the Future of On-Demand Insurance appeared first on Insurance Journal TV.
Explore how technological advances in the cannabis industry are driving new risks, including cybercrime and ransomware, as experts at the 2024 Insuring Cannabis Summit share insights on risk management and business protection. Watch this clip from the Insuring Cannabis Summit as Cooper O’Connor talks about these new risks — to watch the full panel and more videos from the summit click here!
The post Insuring the Future of Cannabis: Navigating Risk in a High-Tech, High-Stakes Industry appeared first on Insurance Journal TV.
Andrea Wells from Insurance Journal reports from WSIA’s annual conference — Steve Robinson of Risk Placement Services highlights how businesses can enhance cyber resilience through insurer partnerships, employee training, and improved backup strategies in this interview.
CyberResilience #InsuranceTools
The post How Insurers and Businesses Are Partnering for Protection appeared first on Insurance Journal TV.
In this episode of Between the Lines, Sophie Thomas, Crisis Management Senior Underwriter at Aspen Insurance, explores how ongoing conflicts and humanitarian crises are impacting insurance coverage for relief organizations, with insights into the unique challenges of underwriting in volatile regions. Click here to watch the full interview in this Between the Lines episode!
The post How Humanitarian Crises Are Shaping Insurance Markets Amid Global Conflicts appeared first on Insurance Journal TV.
With over 50 elections worldwide this year, experts weigh in on the rising intensity of political engagement, growing access to information, and the increasing potential for unrest and violence. Watch this clip from Between the Lines with Jeffrey Kingsley of Goldberg Segalla about his thoughts — to watch the full Between the Lines episode, visit carriermanagement.com/research.
The post Global Election Surge Spurs Rising Tensions: A Look at Unrest and Political Violence in 2024 appeared first on Insurance Journal TV.
Andrea Wells of Insurance Journal talks with Kyle Sternadori from The Hartford about the importance of proactive communication in managing rate increases and strengthening partnerships between insurers, brokers, and retailers at the WSIA annual conference.
RateIncreases #WSIA2024
The post Navigating Rate Increases in Wholesale Insurance appeared first on Insurance Journal TV.
Andrea Wells of Insurance Journal reports from WSIA’s annual conference and talks with Neil Kessler of CRC Group on how building a partnership-driven culture is helping wholesale insurance firms thrive in a changing market landscape. Despite industry evolution, the wholesale model continues to grow as long as value is consistently provided to retail agents.
InsurancePartnerships #WSIA2024
The post Strengthening Partnerships: The Key to Success in the Evolving Wholesale Insurance Market appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk with Joe Harrington about his most recent class, D&O Coverage for Public Investigations.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Joe Harrington appeared first on Insurance Journal TV.
Predictive and automation tools are empowering insurers to assess weather-related risks more accurately by integrating comprehensive data and preemptively managing potential claims. Global insurers can now assess total exposure by combining data across multiple business segments, such as offshore energy and specialty lines, for events like hurricanes. Watch this short clip with Elizabeth Blosfield’s interview with Doug Ross about these topics — to watch the full episode, click here!
WeatherRisk #PredictiveAnalytics
The post How Predictive Analytics and Automation are Revolutionizing Weather Risk Management for Insurers appeared first on Insurance Journal TV.
In this update to our Between the Lines episode, “Elections, Unrest, and Insurance: A Global View,” Elizabeth Blosfield delves deeper into former President and presidential candidate Donald Trump’s assertion that auto insurance rates have increased by 73%. An expert weighs in on the accuracy of this figure and the various factors contributing to rising premiums. Ian Adams, executive director of the International Center for Law and Economics, shares his insights on whether political promises can truly influence state-regulated auto insurance rates. To watch the full episode and discover how global elections might impact the insurance industry, tune in now!
The post Breaking Down the 73% Auto Insurance Rate Claim: What’s Behind the Numbers and Presidential Candidates’ Promises? appeared first on Insurance Journal TV.
The cannabis industry has made significant strides in security, standardizing systems nationwide while dispelling concerns over crime and property values in communities.Watch this excerpt from the Insuring Cannabis Summit where Ed Allen of Story Cannabis talks with moderator Charles Pyfrom of CannGen about what he’s seeing in the industry. To watch the full panel, visit insuringcannabissummit.com today!
CannabisSecurity #BusinessGrowth
The post How Evolving Security Measures are Shaping the Future of Cannabis Businesses appeared first on Insurance Journal TV.
The insurance industry is leveraging big data and real-time monitoring to automate risk assessment, driving more accurate predictions and risk mitigation strategies. Insurers are increasingly using GIS and hyperlocal data to enhance risk modeling for both residential and commercial properties. Real-time monitoring systems, such as electrical monitoring in commercial buildings, are generating vast datasets that feed predictive analytics. To listen to Elizabeth Blosfield’s full interview with Behzad Salehoun, click here!
BigData #RiskAssessment
The post How Big Data and Advanced Analytics Are Transforming Risk Assessment in Insurance appeared first on Insurance Journal TV.
Retail agents are increasingly comfortable with surplus lines markets, overcoming misconceptions and effectively communicating coverage benefits to clients, boosting market strength — check out this interview from WSIA of Bill Gatewood, Burns and Wilcox as he talks with Insurance Journal’s Vice President of Content, Andrea Wells.
Main points of discussion:
- Dispelling Myths Around Surplus Lines: Retail agents once viewed surplus lines as offering poor coverage, but this perception has improved significantly, leading to higher confidence in selling these products.
- Importance of Education: Wholesalers add value by educating retail agents on coverage differences and exclusions, ensuring clear communication with clients to avoid claims-related surprises.
- Strengthening Client Relationships: As retail agents better understand surplus lines, they can confidently guide their clients, enhancing trust and contributing to the market’s overall growth.
SurplusLines #InsuranceEducation
The post Retail Agents Embrace Surplus Lines, Leading to Stronger Client Relationships appeared first on Insurance Journal TV.
On this installment, we learn what’s on the minds of some 2,000 independent agency staffers. Jess Butler, VP of Vertafore, which conducted a national survey, outlines how agents are managing talent, the hard market and technology. Some 70% of respondents said they’re having difficulty placing risks, Jess reports. With a higher workload, 55% said they’re dealing with increased stress. A third of respondents have added new tech tools as a response to managing turbulent market conditions in the last year. Moreover, the agent/carrier relationship is under pressure—a third said they’re looking for new carriers. “There are opportunities for wholesalers and MGAs here,” Jess notes. When Vertafore asked respondents if they would refer a friend to an insurance career opportunity, only 20% said yes. “That number has been dropping since we’ve been surveying agents,” says Jess. “They’re feeling the pressure of the hard market.” She also offers great suggestions on how insurance firms can attract younger workers by changing the conversation on what it’s really like to work here.
The post Hard Market Woes Hammer Morale appeared first on Insurance Journal TV.
With underwriting pressures pushing products out of the admitted side, the E&S market is positioned for sustained expansion as property rates cool and casualty business faces increased scrutiny. Watch this interview with John Jennings, CEO of Jencap, as he talks with Insurance Journal’s Vice President of Content, Andrea Wells about the E&S market.
Main topics include:
- Sustained Market Growth: The E&S market has seen significant growth over the past four years and is expected to continue expanding as businesses move from admitted to non-admitted markets.
- Cooling Property Rates: While national and large accounts experienced significant property rate increases in recent years, the pace of these increases is now stabilizing, especially for middle markets.
- Casualty Business Under Scrutiny: Loss trends are drawing attention to the casualty business, with expectations of further rate increases and more movement from standard to E&S markets.
ESMarket #InsuranceGrowth
The post E&S Market Set for Continued Growth as Standard Markets Shift appeared first on Insurance Journal TV.
Check out the Insuring Cannabis LinkedIn Live Wrap-Up! Join hosts Allen Laman and Elizabeth Blosfield as they highlight the biggest moments from this year’s Insuring Cannabis Summit!
This virtual event brings together leading experts and industry insiders to dive deep into the fast-evolving world of insuring cannabis, hemp, and CBD – click here to watch the on-demand replays!
Topics include:
🗳️ Elections & their impact on the industry
🛡️ Smart cannabis risk management
💻 Cannabis & cyberattacks
🌎 Emerging markets …and much more!
CannabisInsurance #InsuringCannabisSummit
The post The Insuring Cannabis LinkedIn Live Wrap-Up! appeared first on Insurance Journal TV.
If you’re short on time but in need of some good information to help you in your daily grind in the insuring cannabis space, boy do we have a podcast episode for you. Seriously though. Our annual virtual Insuring Cannabis Summit just wrapped up, so we decided to bring our listeners a few “best of” clips from the event. It’s some of the best advice and information in about the time it takes to get a latte at a popular Starbucks.
The post Cannabis Summit CliffsNotes for the Busy Insurance Pro appeared first on Insurance Journal TV.
Tim Turner emphasizes the importance of strong leadership, cultural alignment, and evolving partnerships in achieving profitable growth in the insurance industry. Turner talks how profitability hinges on recruiting, training, and developing talent while integrating them into practice group verticals with Insurance Journal’s VP of Content Andrea Wells. #InsuranceGrowth #Leadership
The post Strategic Leadership and Partnerships Drive Growth in Practice Group Verticals appeared first on Insurance Journal TV.
Daniel Orseck sheds light on the widespread presence of PFAS chemicals, associated health risks, and how insurance underwriters are addressing regulatory changes with Insurance Journal’s VP of Content, Andrea Wells.
Main Points:
PFAS chemicals, used since the 1940s, are found in everyday products like clothing, cookware, and packaging, with 97% of Americans having them in their blood.
Emerging science links PFAS to serious health issues, including thyroid problems and cancer, raising public health concerns.
Regulatory agencies, such as the EPA, are tightening rules around PFAS, pushing underwriters to adapt to evolving legal landscapes.
PFAS #WSIA2024
The post Daniel Orseck Discusses PFAS Risk and Underwriters’ Response at WSIA Conference appeared first on Insurance Journal TV.
Join George and Patrick in the IJA Aftershow as they talk about the latest class by Casey Roberts titled, Risk Management and Insurance for the High Net Worth Client.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Casey Roberts appeared first on Insurance Journal TV.
Danielle Stewart discusses how Everest Insurance’s new Evolution brand, focused on US wholesale, continues to grow and innovate amidst industry complexity and changing market cycles in this interview with Insurance Journal’s VP of Content, Andrea Wells.
EverestInsurance #WSIA2024
The post Everest Insurance’s Evolution Brand Thrives in a Changing Market, Says Danielle Stewart at WSIA Conference appeared first on Insurance Journal TV.
As demand for hemp-derived THC drinks surges, brokers and buyers need to be prepared for its mainstream adoption, from backyard barbecues to major league stadiums, while navigating critical insurance challenges. Unlike cannabis-derived THC drinks that require dispensary purchases, hemp-derived THC beverages are more accessible, opening opportunities for sales in venues like stadiums and music festivals. Currently, hemp-derived THC drinks lack comprehensive on-site impairment and consumption insurance coverage, leaving businesses vulnerable compared to the established liquor liability policies. Watch this clip from the Insuring Cannabis Summit as Jesse Parenti describes what he’s seeing in the industry around the beverage market – to view the full interview and summit, click here!
THCDrinks #HempIndustry
The post Hemp-Derived THC Drinks Poised to Dominate Mainstream Venues appeared first on Insurance Journal TV.
This episode of the Insuring Cyber podcast explores how the insurance industry is leveraging data techniques, climate science, and advanced analytics to navigate the rising risks posed by severe weather events. Hear from Behzad Salehoun, Canada insurance lead for Capco, about the use of AI tools for underwriting and assessing climate risk, and Doug Ross, vice president and US generative AI lead at Sogeti – part of Capgemini – about AI-enabled digital twins in the climate space. Check it out!
The post EP. 94: Insuring Against Climate Risk with AI, Big Data appeared first on Insurance Journal TV.
Focusing on consumer needs is essential for driving business strategies and service improvements in the cannabis industry, ensuring reforms align with market demand. The Insuring Cannabis Summit 2024 provides key insights on the evolving cannabis landscape, covering risk management, supply chains, compliance, and more — to watch the full summit and get more insights from Allen Laman’s interview with Morgan Fox of NORML, visit the insuringcannabissummit.com today!
CannabisIndustry #ConsumerFirst
The post Consumer-Centric Cannabis is Shaping Business Needs appeared first on Insurance Journal TV.
Join us on Tuesday, October 8th for Insurance Journal’s first-ever Risk Management Summit: Risky Future – the must-attend online event for risk managers!
Topics include:
Employment Practices
Data Security & Privacy
Regulatory Compliance
Transportation & Logistics
Crises & Disasters
And much more!
Hosted by journalists of Insurance Journal and Carrier Management: Elizabeth Blosfield, Chad Hemenway, Andrea Wells, & Allen Laman.
Plus, don’t miss our Virtual Trivia Competition with over $2,000 in prizes!
Tickets available now! Visit riskyfuture.com to see the full lineup & grab your spot today!
RiskManagement
The post Insurance Journal’s first-ever Risk Management Summit: Risky Future appeared first on Insurance Journal TV.
Explore how Washington, Oregon, and Colorado’s well-established cannabis industries offer valuable lessons in overcoming regulatory challenges and scaling for success, as California continues to grapple with its unique market hurdles in this clip from the summit with Norman Ives of Amwins. To watch the full interview and other sessions from the Insuring Cannabis Summit, click here!
- Mature cannabis markets like Washington and Colorado demonstrate the benefits of low production costs and industry stability.
- California’s regulatory landscape, including high taxes and competition with the illicit market, presents ongoing challenges for the state’s cannabis growth.
CannabisIndustry #CannabisInsurance
The post Future of Cannabis Insurance: Insights from the Most Mature Markets appeared first on Insurance Journal TV.
Experts highlight the importance of safeguarding cannabis properties from external threats while discussing potential improvements in auto liability with evolving technology. In this sneak peek from the Insuring Cannabis Summit, Shauna Blackburn of Blitz Insurance talks about property risk and other external exposures to be aware of – to watch all panels at the summit, visit insuringcannabissummit.com. Whether it’s cannabis or other industries, property risks are similar, but visibility into operations like dispensaries can invite unnecessary threats. #PropertyRisk #CannabisInsurance
The post Securing Your Cannabis Business: Property Risks and Auto Liability in a Changing Landscape appeared first on Insurance Journal TV.
Join George and Patrick as they talk about the latest class with Kevin Amrhein, Insurance: Approved for Recreational (Vehicle & Watercraft) Use.
Not yet a member of the academy? Join Today!
If you enjoyed the Aftershow, check out George, Patrick, and Kevin’s podcast, Golfertainment George and the Florida Insurance Men!
The post IJA Aftershow: Kevin Amrhein appeared first on Insurance Journal TV.
Cyber insurance experts in the cannabis industry discuss unexpected cyber risks, such as hardware vulnerabilities in point-of-sale systems, and explore the evolving landscape of cannabis insurance in a dynamic industry. In this sneak peek, Summer Jenkins-Wilson, Executive Director at Cannabis Insurance Wholesalers talks about what she’s been seeing in the industry at this year’s Insuring Cannabis Summit.
Topics include:
Cyber Threats Beyond Software: A growing focus on hardware vulnerabilities, including point-of-sale machine data breaches, highlights overlooked risks in cyber insurance.
Underestimated Cyber Claims: Despite expectations, cyber claims are less frequent, with misunderstandings about breach protocols and policy coverage contributing to this gap.
Cannabis Insurance Insights: The Insuring Cannabis Summit delves into critical topics like data security, supply chains, and compliance, essential for staying competitive in this evolving sector.
CyberSecurity #DataBreach
The post Unveiling Hidden Risks: Cyber Claims, Data Breaches, and the Cannabis Industry’s Insurance Challenges appeared first on Insurance Journal TV.
Join George and Patrick in this special How To Write IJA Aftershow! They talk with Ryan Kratz about the latest How To Write Class, How To Write: Cyber.
Interested in more How To Write courses? Check out https://www.ijacademy.com/how-to-write/
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Ryan Kratz appeared first on Insurance Journal TV.
As AI technologies transform industries, new roles such as “AI prompter” are emerging, but many companies are taking a broader approach by integrating AI across all aspects of their operations. Watch this short excerpt from the latest Insuring Cyber Podcast where we look back at an exclusive interview with Gordon Wintrob of Newfront in a Between the Lines Episode. To watch Gordon’s full interview, click here to watch the latest episode of the Insuring Cyber Podcast.
- AI is expected to create new specialized roles, but many companies believe every role will be influenced by AI.
- Some companies, like NewFront, integrate AI into their entire product roadmap rather than assigning it to a dedicated team.
- Large language models and AI tools are being adopted to accelerate product development and workplace efficiency.
AIinWorkplaces #FutureOfWork
Interested in more Between the Lines? Click here to register for the next episode!
The post AI Revolution: Transforming Workplaces and Creating New Roles Across Industries appeared first on Insurance Journal TV.
You’ll enjoy this episode of On Point, recorded live with a studio audience at the recent AppliedNet tech conference in Nashville. Our guest, Applied Systems CEO Taylor Rhodes, dives into a host of entertaining personal and business topics. AI’s place in insurance is gaining traction, he notes. “Most of our use cases in AI are productivity based,” Taylor says. Example: Agency service reps spend an average of nearly six hours per day just on email. AI can summarize an email thread and attach it to the right customer record. As people learn to trust the technology, Applied will roll out more capabilities, Taylor says. He also covers the role of leadership, why he dislikes social media, and how we can all be better neighbors in an acrimonious election season. “Get out there and meet people not like you,” he says. “Stop looking at others like they’re your opponent.”
The post Live from Nashville: AI & Some Laughs appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, join George and Patrick as they talk with Joe Harrington about his latest class, Working with E&S Carriers: A Primer.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Joe Harrington appeared first on Insurance Journal TV.
On this episode of The Insuring Cyber Podcast, take a look back at an interview with Gordon Wintrob, co-founder and chief technology officer at Newfront Insurance Brokerage. A portion of this interview previously ran on Carrier Management’s Between the Lines video series for an episode titled, “Robots vs. Humans: How Will AI in HR Impact Carriers’ People-First Approach?” Check out the full interview here as Gordon dives into how the use of AI within insurance companies could affect employee training and how roles within the workforce might change as a result.
To watch the full episode of Between the Lines “Robots vs. Humans: How Will AI in HR Impact Carriers’ People-First Approach?” episode, visit the research tab on carriermanagement.com!
Plus, register for free to the upcoming October 1st episode of Between the Lines, “Elections, Unrest and Insurance: A Global View“.
The post EP. 93: Training for Tomorrow: How AI Could Affect the Insurance Workforce appeared first on Insurance Journal TV.
In this episode, Golfertainment George and the Florida Insurance Men explore topics ranging from tributes to James Earl Jones, insurance in the Star Wars universe, and the rise of robo-taxis, while touching on the looming AI influence on politics.
James Earl Jones Tribute: The hosts fondly recall the legendary actor’s versatile roles, emphasizing his impact in both cinema and pop culture, from Star Wars to The Lion King.
Insurance in Unlikely Places: Discussion highlights the fascinating world of Star Wars-related insurance, showcasing how insurance infiltrates unexpected realms.
AI in Politics and Transport: The team delves into AI’s increasing presence, including robo-taxis and even a GPT mayoral candidate, sparking debate on the future of AI governance and liability.
Golfertainment #AIRevolution
The post EP. 07: Star Wars, Insurance & AI Takeover: Golfertainment George & The Florida Insurance Men appeared first on Insurance Journal TV.
Companies must carefully navigate existing securities and disclosure laws when representing AI capabilities to avoid legal and infrastructural risks. Watch this short clip from the latest episode of the Insuring Cyber Podcast with host Elizabeth Blosfield and Peter Halprin of Haynes and Boone, LLP. Click here to watch the full episode!
- Universal Legal Obligations: All companies, including those in AI, must adhere to established securities and disclosure laws, ensuring accurate representation of their activities and performance.
- AI and Traditional Law: While AI introduces new complexities, the legal obligations for transparency and truthful disclosure remain consistent with traditional business practices.
- Impact on Insurance Coverage: The integration of AI in business activities may influence the nature of insurance coverage, particularly in relation to securities lawsuits, making it a crucial area for ongoing monitoring.
LegalRisks #AIDisclosure
The post Navigating Legal Risks: What Companies Must Consider When Representing AI Capabilities appeared first on Insurance Journal TV.
Overstating sustainability practices and AI capabilities can mislead investors, posing significant risks to a company’s valuation and credibility. Watch this excerpt from the latest Insuring Cyber Podcast episode with host Elizabeth Blosfield and Joe Talmadge of Heffernan Insurance – watch it today!
- Greenwashing Defined: Greenwashing involves exaggerating or fabricating a company’s environmental or sustainability practices to mislead investors and consumers.
- AI Washing Parallel: Similar to greenwashing, AI washing occurs when companies overstate their AI capabilities, potentially misleading investors about the true value and potential of the technology.
- Investor Impact: Both practices can inflate a company’s perceived value, leading to misguided investments and damaging long-term trust and credibility.
AIWashing #Greenwashing
The post AI Washing vs. Greenwashing: The Hidden Risks of Overstating Capabilities appeared first on Insurance Journal TV.
Who says HR departments lack the chops to get young people interested in insurance? On this On Point installment, we hear from the human resources lead at Sentry Insurance, Mike Cloud, who is on offense to find emerging talent—most of it local. The carrier actively interacts with local high schools and various colleges, namely the University of Wisconsin–Stevens Point, which is walkable from Sentry’s home office. In fact, the carrier hires an average of 100 UW-SP students each year. “If we can get them on our campus, we can sell them on insurance.” Eight of 10 students who get a Sentry offer accept it. And if the company keeps them past two years, another 80% stay long term. It’s all about providing “engaging, challenging work,” Mike says. Listen as he unpacks a few ideas to recast job descriptions. He describes what “insurance work” really means—which, not surprisingly, is much more than students typically think.
The post Relentless Talent Pursuit appeared first on Insurance Journal TV.
Join George and Patrick in this episode of the IJA Aftershow as they talk with Chris Boggs about the latest class, Cussing, Lying and Disclaiming.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Chris Boggs appeared first on Insurance Journal TV.
Join us at this year’s Insuring Cannabis Summit on Tuesday, September 17th! This live online conference explores the fast-growing world of insuring cannabis, hemp, and CBD.
Expert panels on: Cannabis & Data, Risk Management, Supply Chains, Compliance, Claims & Legalization…and so much more!
Hosted by Claims Journal and Insurance Journal’s Don Jergler, Vice President of Insurance Journal Andrea Wells, and Content Editor at Insurance Journal Allen Laman!
Bonus: Test your knowledge in our virtual trivia competition with $2,000+ in prizes!
Don’t get left behind – be a part of the future of cannabis insurance! Get your FREE ticket now and check out the full list of speakers and sessions at insuringcannabissummit.com!
The post Don’t Miss Out on the Cannabis Event of the Year! appeared first on Insurance Journal TV.
On this episode of The Insuring Cyber Podcast, two experts discuss the implications of AI washing, its legal, regulatory and insurance implications, and how companies can avoid unintentionally misrepresenting their AI capabilities. Joseph Talmadge, senior vice president at Heffernan Insurance Brokers, discusses a recent Heffernan blog on the subject, the risks of AI washing, and how it compares to greenwashing in the climate space. Peter Halprin, partner in the Insurance Recovery Practice Group in Haynes Boone’s New York office, discusses the insurance options that exist to protect against litigation related to AI washing and how regulators are increasingly cracking down with fines and penalties. Check it out!
The post EP. 92: Ensuring Integrity in the Age of AI appeared first on Insurance Journal TV.
Explore how military discipline, grit, and empathy are driving effective leadership in the insurance technology sector. In this clip, get a look into the latest Insuring Cyber Podcast with host Elizabeth Blosfield with her interview with Ben Dulieu of Duck Creek Technologies. To watch the full interview, click here for the episode!
- Discover how Marine Corps training instills strategic thinking and leadership skills that translate seamlessly into the tech and insurance industries
- Learn why grit is an essential trait for leaders in challenging environments, drawing parallels between military and civilian roles
- Understand the importance of empathy in balancing security needs with broader business objectives, fostering collaboration across teams
Leadership #CyberSecurity
The post From Battlefield to Boardroom: How Marine Corps Values Shape Leadership in InsurTech appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk about the latest class, HO-14: More Than a Mature HO-4.
Level up your insurance game and attend our How to Write series!
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Patrick Wraight appeared first on Insurance Journal TV.
Discover how InsurTech founders are driving innovation in the insurance industry by leveraging cutting-edge technology to enhance policyholder experiences. Watch this excerpt from the Insuring Cyber Podcast with host Elizabeth Blosfield as she interviews Damon Stafford of Alpine Intel. To watch the full episode, click here!
- Industry leaders share what motivated them to enter the rapidly evolving field of InsurTech, listen to expert Damon Stafford in this interview
- A look at the most significant technological breakthroughs shaping the future of insurance
- How companies like Alpine Intel are adding value and precision to the insurance landscape by tackling specific challenges
InsurTech #Innovation
The post A Conversation with Industry Innovator Damon Stafford of Alpine Intel appeared first on Insurance Journal TV.
In the latest episode of Golfertainment, George, Kevin and Patrick, dive into a bizarre case from Ohio where a man found a bone in his boneless wings. This case escalated all the way to the Ohio Supreme Court, sparking a debate over what exactly “boneless” means in the world of wings.
Watch as they explore this odd legal ruling and its implications for the food industry—and maybe even for your next insurance policy! Plus, we throw in a few laughs about the Academy of Insurance and the quirks of the legal system.
Don’t miss out on this entertaining and insightful discussion!
Insurance #Ohio
The post Can Boneless Wings Have Bones? Ohio Supreme Court Says Yes! appeared first on Insurance Journal TV.
As insurance organizations consider a refresh of their agent or policyholder online experience, they often first seek operational efficiency. Wrong approach, notes Josh Levine. He’s the founder of Cake & Arrow, an online experience consultancy. “Better and faster sounds great, but it shouldn’t come at the expense of the end user experience. You can do both. Don’t start with technology. Don’t start with the what; start with the why.” Is insurance on board with this approach? Josh says the “it doesn’t come naturally to insurance organizations. They want to focus on the process, like claims. It’s in their DNA. It’s what the industry thinks people need versus what actually drives people to make a transaction.” Josh believes in intense field research before revising digital experiences—sitting down with agents, for example, and seeing them navigate tech tools. “We want to really understand the behaviors and attitudes as it relates to the problem.” In this engaging conversation, Josh also offers some personal advice: “You be you.”
The post Better and Faster Sounds Great… appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, Patrick Wraight talks with Tom Wetzel about the latest class, AI and Cybercrime: The Tight Bond That Can Sabotage Agencies and Policyholders.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Tom Wetzel appeared first on Insurance Journal TV.
On this episode of The Insuring Cyber Podcast, two guests explored recent trends that are shaping the InsurTech industry. Damon Stafford, president and CEO of Alpine Intel, spoke about the importance of digital transformation in the industry and how insurers can partner with tech providers to harness big data and predictive analytics for risk management.
Ben Dulieu, chief information security officer at Duck Creek Technologies, also joined the podcast to discuss why cybersecurity should be incorporated as a foundation for every business and the evolving risk landscape as insurers navigate the challenges and benefits of AI technology and other tech tools. Check it out!
Don’t miss the next Between the Lines episode on October 1st: Elections, Unrest and Insurance – A Global View! Click here to register for free today!
The post EP. 91: Leveraging Tech Tools for Insurance Decision-making appeared first on Insurance Journal TV.
Mark your calendar for an exciting episode of Between the Lines on October 1st—don’t miss out!
Join top experts as they dissect how global elections and unrest impact the insurance landscape. Between the Lines host Elizabeth Blosfield will speak with: Jeff Kingsley, Partner at Goldberg Segalla, Claire Fisher, Crisis Management Underwriter at Aspen Insurance, and Sophie Thomas, Crisis Management Senior Underwriter at Aspen Insurance.
To watch this exclusive video series episode, register here for free today.
A special thank you to Cogitate for sponsoring this episode!
The post Upcoming Between the Lines: Global Elections, Unrest and Insurance appeared first on Insurance Journal TV.
Future partnerships between insurers and policyholders aim to improve mutual understanding and create comprehensive cyber coverage, enhancing protection against evolving threats. In this clip, Elizabeth Blosfield talks with Jillian Raines, partner at Cohen Ziffer Frenchman & McKenna. To watch the full podcast episode, click here!
Collaboration #CyberThreats
The post Insurers and Policyholders Collaborate for Enhanced Cybersecurity appeared first on Insurance Journal TV.
Join George and Patrick in this episode of the IJA Aftershow as they talk with Casey Roberts about the latest class, ISO 2024 BOP Changes That Could Impact Your Insured.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Casey Roberts appeared first on Insurance Journal TV.
Cowbell’s unique cyber risk management approach offers SMEs continuous risk assessment, real-time insights, and proactive threat intelligence to enhance their cybersecurity posture. Watch this clip from the latest Insuring Cyber Podcast where Elizabeth Blosfield speaks with Jack Kudale, Founder and CEO of InsurTech Cowbell. To watch the full episode, click here!
RiskManagement #SME
The post Cybersecurity Evolution: How Cowbell’s Innovative Risk Assessment Protects SMEs appeared first on Insurance Journal TV.
Nation-state cyberattacks on critical infrastructure are intensifying, driven by adversaries’ growing capabilities and increasing digital vulnerabilities. Check out this excerpt from the latest Insuring Cyber Podcast episode where Elizabeth Blosfield talks with Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence. To watch the full episode, click here!
CyberSecurity #CriticalInfrastructure
The post Rising Cyber Threats: Nation-State Actors Targeting Critical Infrastructure appeared first on Insurance Journal TV.
Here’s a group therapy session for all you claims adjusters out there! Or, if you want to understand what the adjusting world is really like, take a listen to 20-year veteran Chantal Roberts. (A commercial auto claim featuring an alien encounter is truly cocktail party discussion-worthy.) Today, Chantal is teaching and writing books about that world. Her latest work is literally a fairy tale series to simplify understanding of how a policy would respond, or not, to a claim. She has advice for carriers as both demographics and influence shift to younger consumers. Leaders need “to start paying for designations again and sending their teams to seminars again. There is a fundamental misunderstanding of what insurance is, and that is the insurance industry’s fault. We are looking at it backwards; we need to start with claims. Carriers need to take a look at themselves. Ask what you can do to protect policyholders, not stakeholders. That’s what Gen Z wants.”
ClaimsAdjuster #GenZ #PolicyholdersFirst
The post Claims Adjuster Deals with Aliens appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk with Nancy Germond about the recent class on Personal & Advertising Injury.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Nancy Germond appeared first on Insurance Journal TV.
The buzz around descheduling has been growing louder as the elections near. The subject has been side-barred over political quarreling over the years, but just what it means for people who specialize in cannabis has never been more important. We spoke with Shauna Blackburn, cannabis team leader at Blitz Insurance, about what rescheduling would mean for the specialty.
The post EP. 94: What Descheduling Could Mean for Insuring Cannabis appeared first on Insurance Journal TV.
On June 27, the U.S. House Homeland Security Committee’s Subcommittee on Cybersecurity and Infrastructure Protection held a hearing titled, “Sector Down: Ensuring Critical Infrastructure Resilience.” Members of the critical infrastructure sector and insurers were in attendance as witnesses to give testimony. In this episode of The Insuring Cyber Podcast, three experts engage in a post-hearing discussion about critical infrastructure resilience and cyber risk, where the insurance industry can improve gaps in coverage, and what this all means for small and mid-sized businesses as well as larger firms. Hear from Matthew McCabe, managing director for Guy Carpenter’s Cyber Center of Excellence, Jack Kudale, Founder and CEO of InsurTech Cowbell, and Jillian Raines, partner at Cohen Ziffer Frenchman & McKenna.
The post EP. 90: From Main Street to Capitol Hill, Insurance Pros Discuss Critical Infrastructure Resilience appeared first on Insurance Journal TV.
Join Golfertainment George and the Florida Insurance Men as they mix golf puns, hot sauce challenges, and insurance tips for a hole-in-one experience! ⛳
Hot Sauce Challenge: Tune in to see George take on the hot sauce challenge every time someone makes a golf pun. It’s a spicy, hilarious ride! 🔥
Insurance Tips: Learn from Kevin and Patrick about unique and humorous ways to insure your golf gear, from cyber insurance to accidental damage.
➡️ ➡️ Become a member of the Insurance Journal Academy! Join Today!
Golfertainment #HotSauceChallenge #InsuranceFun
The post EP. 06: Get Your Golf Swing on with Golfertainment George and the Florida Insurance Men! 🏌️♂️🔥 appeared first on Insurance Journal TV.
🤖 Learn strategies for encouraging all employees to embrace AI, regardless of their role and discover real-world examples of how AI tools, like ChatGPT, are saving time and enhancing productivity in HR. Check out this excerpt from the latest Insuring Cyber Podcast as Elizabeth Blosfield takes a look back at an interview from Between the Lines.” In this episode of “Between the Lines,” Erica Wood, Chief People Officer at Insurtech Cover Whale, shares how AI is transforming HR processes. To listen to the full episode of this podcast episode, click here! To watch the full episode of “Between the Lines”, click here!
AIinHR #TechInnovation
The post Unlocking AI in HR: A Conversation with Erica Wood 🚀👩💼 appeared first on Insurance Journal TV.
Most agents and brokers do a great job for customers. But guess what? They’re licensed professionals—and like all professionals, they can get sued. That’s not fun. On this recording, we hear from Amanda Juratovic, who oversees the Big “I” E&O program for association members. Listen as she outlines large and growing E&O issues around agency aggregators, M&A, consumer “promises” in marketing, AI, the hard market, and carrier solvency. Each of these industry challenges is a landmine of potential legal actions against agencies. Amanda has seen it all and provides excellent, simple advice for principals and their teams. Listen up, agents: Get smarter and cleaner about your operations and business practices! 💼 📝
The post Who Wants to Get Sued? Nobody! ⚖️ 👩⚖️ appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, take a look back at an interview with Erica Wood, chief people officer at InsurTech Cover Whale, about how artificial intelligence is being used in HR processes in insurance to move the workforce forward. 🤝 This interview originally published in an episode of Carrier Management’s Between the Lines video series.
The post EP. 89: AI-Powered HR and the Insurance Workforce 💼 appeared first on Insurance Journal TV.
Explore how IoT is revolutionizing the insurance industry by enhancing risk prevention and fostering a more proactive approach to customer care. 📊 To watch the full interview with Bob Pick of Tokio Marine Group and host Elizabeth Blosfield, click here to watch episode 88! 🚀
Risk Prevention Focus: IoT technology shifts insurance from risk transfer to proactive risk prevention, reducing costs and improving customer satisfaction.
Data-Driven Insights: Utilizing telematics and IoT data to fine-tune pricing, understand risk, and help policyholders prevent potential issues.
Global Perspectives: Drawing from international markets like Japan, where insurance is viewed as a supportive partner, to enhance risk management practices worldwide.
IoT #Insurance #RiskPrevention
The post Transforming Risk Prevention and Customer Experience 💡 appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk with Brenda Powell Wells about the latest class, Cyber Liability in 2024: The Expanding Need for Coverage. 💻
Not yet a member of the academy? Join Today! 📚
The post IJA Aftershow: Brenda Powell Wells appeared first on Insurance Journal TV.
Hurricane Beryl, a Category 1 storm, made landfall in southeast Texas early this week, causing damage and power outages throughout the Houston region. 💨 One insurance agent believes the storm will contribute to increasing rates and more carriers pulling back from the market. In this video, Insurance Journal editor Ezra Amacher highlights the coverage of the storm. 🌩️
To read the article, click here! #HurricaneBeryl #Storm #Texas
The post Hurricane Beryl Could Worsen Texas Insurance Crisis ⛈️ 🌀 appeared first on Insurance Journal TV.
Discover how seasoned investor, Jared Kaplan, founded groundbreaking companies, including Indigo, by merging online distribution and AI to revolutionize the medical malpractice insurance industry. 🤖 Click here to watch the full episode of the Insuring Cyber Podcast!
Some key points:
AI in Lending — Pioneering the use of artificial intelligence at OppFi to assess nonprime borrowers and provide essential financing.🌐
Revolutionizing Insurance — Founding Indigo, merging expertise in online distribution and AI to modernize the medical malpractice insurance sector.
Innovation #AI #Insurance #Entrepreneurship
The post 🚀 From Investor to AI Insurance: A Journey of Innovation with Indigo appeared first on Insurance Journal TV.
Independent agency owner Tiago Prado might challenge your thinking, because he is challenging the industry’s status quo. 🤔💡 Listen as he unpacks a fascinating yet traumatic family story from his upbringing in Brazil, to dealing with gangs near Boston, to a winding journey through school and construction work. 🇧🇷 🏫 The struggle was worth it, Tiago says. He outlines how agency physical stores with longer day, evening and Saturday hours as well as 24/7 online multilingual service are keys for underserved prospects and policyholders. The strong growth of bilingual consumers and businessowners in America present an excellent opportunity. And Tiago’s firm BRZ Insurance is going after it. Tiago and his 152 associates—with an average age of 25 years—are building for the future with multiple retail offices, AI-supported service tools, sophisticated marketing, and multiple languages to meet customers where they are. “Bilingual marketing today is not an option anymore. It’s mandatory.”
IndependentAgent #InsuranceIndustry #BusinessOwner #Inclusion
The post Bilingual Marketing ‘Not an Option Anymore’ 🌐 appeared first on Insurance Journal TV.
There’s no question the rapid pace of technological advancement is shaping the insurance industry, how how are insurers using tech tools to help with their business? Jared Kaplan, co-founder and CEO of InsurTech risk retention group, Indigo, joined The Insuring Cyber Podcast to discuss how tech innovation is shaping the medical professional liability insurance space.💡 🩺 🏥 Later in the episode, Bob Pick, executive vice president and chief information officer at Tokio Marine North America and group deputy chief information technology officer for Tokio Marine Group, discussed the most recent technological developments he’s excited about in insurance and how the internet of things is presenting an important opportunity for insurers. Check it out!
TechnologyTools #AI #IoT
The post EP. 88: Insuring the Future with IoT and Tech Tools 🛡️ appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George Jack talks with Michael Koscielny about the latest class, Born2Lead: Lessons in Leadership.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Michael Koscielny appeared first on Insurance Journal TV.
In this video, Insurance Journal’s Vice President of Content, Andrea Wells, highlights the latest Insurance Journal issue, covering escalating school risks, AI’s transformative power in insurance, and the booming construction industry. 📰✨
- Escalating School Risks: Discover the growing liability and property risks faced by educational institutions, from active assailants to aging infrastructure. 🏫⚠️
- AI’s Insurance Revolution: Learn about the transformative power of AI, from lifelike virtual assistants to predictive analytics reshaping the industry. 🤖📊
- Construction Boom Amid Labor Shortages: Explore the thriving construction industry’s ten percent spending surge despite labor challenges and insurance market stability. 🚧💪
Read the featured articles:
Get an Education on School Liability and Property Risks
Exploring AI: Fascination with AI, Not Fear Will Drive Success for Independent Agents
Insurance Keeping Up With Construction Demand: Construction Activity ‘Phenomenal’ Despite Labor Shortage
SchoolRisks #AIinInsurance #ConstructionTrends
The post 🏫 Navigating New School Risks, AI’s Insurance Impact, and Construction Boom Challenges 🚧🤖 appeared first on Insurance Journal TV.
Join George and Patrick in this episode of the IJA Aftershow as they talk with CorRisk Solution’s Angela Buenning about How to Write: Media!
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Angela Buenning appeared first on Insurance Journal TV.
Explore this significant Texas Supreme Court ruling that puts limits on whether a contractor can be the public adjuster on an insurance claim. The case could give support to other states that have regulated public adjusting work. 🌟 🛠️ Watch this summary from Insurance Journal’s Ezra Amacher about this trending story !
Contractor #Claims #InsuranceClaims
The post Texas Court Decision Restricts Contractors’ Role in Insurance Claims Negotiations ⚖️ 📜 appeared first on Insurance Journal TV.
Social media accelerates civil unrest by spreading misinformation, radicalizing views, and undermining democratic processes. 💥 In this bonus clip, Elizabeth Blosfield talks with Tom Lewis of Aspen about social media and how fast data can be spread. To watch the full episode, watch the on-demand video here.
- Rapid Organization and Spread: Social media enables quick and effective organization of protests and unrest, amplifying reach across regions.
- Misinformation and Deepfakes: State-sponsored disinformation campaigns use social media to exploit and exacerbate existing tensions within countries.
- Algorithmic Polarization: Social media algorithms prioritize content that stokes anger and radicalizes users, leading to heightened political polarization and justification of civil unrest.
CyberRisk #SocialMediaImpact #CivilUnrest
The post Between the Lines Bonus Clip: How the Internet Fuels Civil Unrest 🌐📱 appeared first on Insurance Journal TV.
Seven years ago, Rodney Johnson approached Pat Gallagher with a new strategy for organic growth: crafting insurance coverage for diverse and underserved business segments. The diversity angle was “never about politics or philanthropy,” says Rodney; it simply meant more revenue for the broker. 🎯💼 Mission accomplished. Today the practice generates $1.3 billion in premium for 7,000 commercial clients, such as women or Black-owned firms. Rodney says “the business case is rooted in diversity of thought,” which is critical for new ideas. “How can you innovate with a group of people with the same background, same life experience, same social identity? If you’re a sales organization, and you’re looking to sell to a broader range of buyers, diversity of thought allows you to increase sales.” The strategy is not “lifting one group over another,” he adds. “When more revenue comes in…people get raises and bonuses. It creates opportunities for everybody in the organization, and those opportunities don’t discriminate. This is not about ‘us versus them.’” Listen as Rodney also shares a piece of advice for younger workers looking to supercharge their careers. 🚀
The post Diversifying the Revenue Stream 💰🌍 appeared first on Insurance Journal TV.
Arctic Wolf’s 2024 report reveals 45% of companies faced ransomware attacks in the past year, highlighting the urgent need for improved security measures. Check out this excerpt from the Insuring Cyber Podcast where Carrier Management Deputy Editor Elizabeth Blosfield talks with Arctic Wolf’s Chief Product and Services Officer Dan Schiappa about the report.
To watch the full episode, click here!
The post Cybersecurity Alert: 45% of Survey Respondents Had Ransomware Attack in the Past Year 🚨🔒 appeared first on Insurance Journal TV.
📚💡 In this episode of the IJA Aftershow, George and Patrick talk with Fred Fisher about the latest class, Taking Orders or Providing Financial Security: How to Beat the Big Players.
Not yet a member of the academy? Join Today! 🎓✨
The post IJA Aftershow: Fred Fisher appeared first on Insurance Journal TV.
🎙️ On this episode of The Insuring Cyber Podcast, Arctic Wolf’s Chief Product and Services Officer Dan Schiappa discussed why supply chain attacks are especially attractive to bad cyber actors and what insurers and their clients can learn from the recent Ticketmaster hack. 🎟️ 🔓 He also shared steps companies can take to prevent attacks, as well as what to do immediately after one occurs, and discussed why cyber insurance should be an important element of risk transfer for companies of any size.
The post EP. 87: 🔐 Cyber Insurance Provides Needed Backstop for Supply Chain Risks appeared first on Insurance Journal TV.
🏌️♂️ This Father’s Day, George Jack, Patrick Wraight, and Kevin Amrhein honor the dads who go the extra mile for their kids’ dreams. In our latest Golftertainment podcast, they dive into “The Short Game” on Netflix, highlighting the sacrifices and dedication of golf prodigy fathers.
🔗 Click here to listen to the full episode and join the conversation.
FathersDay #GolfProdigy #Parenting
The post Celebrating Golf Prodigy Fathers: A Sneak Peek into The Golftertainment Podcast appeared first on Insurance Journal TV.
A lawsuit filed last month against the popular cannabis vape brand STIZZY alleging a teenage user developed cannabis-induced psychosis could be a harbinger of things to come if the industry doesn’t change its labeling practices, an insurance attorney steeped in the cannabis space is warning. For our latest episode we spoke with Ian Stewart, cannabis practice leader at Wilson Elser.
The post EP. 93: STIIZY Suit Bringing Cannabis Labeling Issue to Light appeared first on Insurance Journal TV.
⛳👔 As Father’s Day approaches, the Golftertainment podcast team dives into the great debate: what’s the better gift for dads, golf gifts or an insurance themed gifts?
🎧 In this sneak peek, George, Patrick, and Kevin weigh in with humor and personal stories, from NanoGolf trinkets to the idea of an insurance gift.
🔗 Click here to listen to the full episode and join the fun discussion!
FathersDay #GolfGifts
4o
The post Golf Gifts vs. Insurance Gifts: The Ultimate Father’s Day Dilemma appeared first on Insurance Journal TV.
Join Insurance Journal’s webinar on July 2nd to explore how proactive measures, DEI initiatives, and holistic post-injury treatment are transforming workers’ compensation outcomes. 🏥💼 This webinar will be hosted by Insurance Journal’s Vice President of Content, Andrea Wells, with special guests: Nikki S. Jackson, MBA, CPCU, ARM, CDMS, & CEO at Elevate the Narrative, Elise White, MBA, and Jean Feldman, RN of Sentry.
- Learn how proactive strategies can prevent injuries and reduce workers’ comp claims.
- Understand the impact of DEI initiatives on improving employee well-being and outcomes.
- Discover the benefits of a holistic, whole-person approach to post-injury treatment.
WorkersComp #ProactiveCare #DEI
The post 🌟 Unlocking Workers’ Comp Success: Beyond Medical Factors 🌟 appeared first on Insurance Journal TV.
Smart money has been eyeing claims-related insuretechs in a big way, says Michael Vervena, an executive with iGUIDE. It’s easy to see why, with the promise of reducing adjusting time, costs and fraud. The property space in particular is on Michael’s radar. On this recording, he outlines how AI quickly identifies objects in a space and builds a view of property damage, speeding the claims-adjustment process. “How do you reduce costs without cutting corners—that’s where technology is really stepping up to help mitigate losses and is also taking fraud out of the equation,” he says. The personal touch in claims, however, is still critical, Michael insists. “Technology won’t take your job; you’re still dealing with people in a stressful situation and if you’re good at working with individuals, here’s an opportunity to reassure them, walk them through the process, and get them back to a clean, restored property. Technology brings transparency and reliability, but there is still a need for a relationship.”
The post Property Claims & AI appeared first on Insurance Journal TV.
Join us on Tuesday, June 25th, for our brand new Between the Lines episode with Carrier Management’s Deputy Editor Elizabeth Blosfield! Unlock crucial strategies from industry leaders to tackle the unique hurdles of election years in the insurance sector. Gain valuable perspectives from Tom Lewis of Aspen Insurance, and Lucy Straker and Matt Westhoff from Beazley. Some topics that will be discussed include the following:
- Election Year Impacts: 🗳️ Understand how election outcomes can influence the insurance industry and prepare accordingly.
- Strategic Advice: Learn actionable strategies to navigate political and economic uncertainties effectively.
And a special thank you to One Shield for sponsoring this episode!
Register for free today at: carriermanagement.com/research
ElectionYear #Terrorism #CivilUnrest
The post Navigate Election Year Challenges for Insurers with Expert Insights! 🗳️💼 appeared first on Insurance Journal TV.
📖 In this episode of the IJA Aftershow, join George and Patrick as they talk about the latest class with Joe Harrington, Transit Risk in 2024.
Not yet a member of the academy? Join Today! 📚
The post IJA Aftershow: Joe Harrington appeared first on Insurance Journal TV.
🛡️ Ransomware remains a critical issue for insurers, with increasing severity and complex impacts on business continuity and security. Listen to this excerpt from the Insuring Cyber Podcast, as host Elizabeth Blosfield talks about ransomware threats with Munich Re’s Bob Parisi. To listen to the full episode, click here!
The post Ransomware’s Rising Threat: A Persistent Concern for Insurers 💻 💸 appeared first on Insurance Journal TV.
Discover how insurers are leveraging technology to respond to threats swiftly, ensuring business continuity and safety in this interview from the Insuring Cyber Podcast with Elizabeth Blosfield and Yoni Sherizen of Gabriel. Listen to the full episode here! 🎙️
The post Insurers and Risk Managers: Navigating Crises with Cutting-Edge Tech 🚀📲 appeared first on Insurance Journal TV.
🌴 Watch this live broadcast replay of Golfertainment George and the Florida Insurance Men as they explore the wild intersection of golf, insurance, and workplace safety, with humor and insight! 🏌️♂️ George, Patrick and Kevin share personal anecdotes and analyze a recent article on unsafe employers, from Waffle House to Dollar General. They also debate between golf-related and insurance-themed Father’s Day gifts, sharing their preferences and humorous experiences. 🎧⛳️
GolfPodcast #InsuranceTalk #WorkplaceSafety
The post EP: 05: 🎧⛳️ Golf, Insurance, and Laughs on the Golfertainment George & Florida Insurance Men Podcast! appeared first on Insurance Journal TV.
Watch this informative clip from Weathering the Storm: Cyber Insurance Risk in 2024. As cyber risks continue to evolve rapidly, insurers can stay ahead by embracing advanced modeling, data enrichment, and a multi-model approach to underwriting and portfolio management.
Key points include:
- Adaptation through Advanced Modeling
- Prioritization of Data Enrichment
- Leveraging a Multi-Model Approach
CyberInsurance #RiskManagement
The post Insurers’ Strategy Against Evolving Cyber Risks appeared first on Insurance Journal TV.
🌍 💡 In this excerpt from the InsurTech Summit 2024, host Allen Laman talks with Insurance Journal’s Ezra Amacher and Carrier Management’s Susanne Sclafane about how risks like social inflation, environmental hazards, and directors and officers liability are emerging, prompting swift responses from regulators and insurers. To watch the full interview and all sessions, register here!
EmergingRisks #InsuranceChallenges #AIinLaw
The post AI’s Hidden Risks: Unseen Challenges for Insurers and Regulators appeared first on Insurance Journal TV.
Safeguarding AI fairness and transparency in underwriting is essential to avoid discriminatory outcomes, necessitating robust audits of data and model architecture. In this excerpt from the InsurTech Summit 2024, listen to Elizabeth Blosfield of Carrier Management talk with Marcus Daley of NeuralMetrics – to watch the full interview register here!
AIinUnderwriting #EthicalAI
The post ⚖️ Navigating AI in Underwriting: Ensuring Fairness in a Complex Landscape 🧩 appeared first on Insurance Journal TV.
In the latest issue of Carrier Management, explore hot topics like: P/C loss reserves, social inflation, nuclear verdicts, AI for litigation, and more! 🚀📚
The post Don’t miss out on the latest edition of Carrier Management! 📖✨ appeared first on Insurance Journal TV.
Cyber threats are increasingly becoming a critical element in global conflicts, with the Ukraine and Gaza being prime examples, indicating a growing need for specialized cyber forces. To watch the full interview with Carrier Management’s Elizabeth Blosfield and Resilience’s V8 and all the sessions, register here!
CyberWarfare #GlobalConflict #DigitalSecurity
The post 🌍💻 Global Conflicts Enter Cyber Age: Digital Warfare On The Rise appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk with Brenda Powell Wells about the latest class, The US Legal System and Legal Liability.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Brenda Powell Wells appeared first on Insurance Journal TV.
In this excerpt from the 2024 InsurTech Summit, Elizabeth Blosfield talks with Gunster’s Holly Goodman about anticipated increased AI-related lawsuits and learn how businesses can safeguard against litigation by monitoring data use, ensuring compliance, and maintaining accountability. ⚖️🤖 To watch the full interview, register here!
AILitigation #DataPrivacy #EthicalAI
The post Navigating AI Litigation: How Businesses Can Protect Themselves in the AI Era ⚖️🤖 appeared first on Insurance Journal TV.
🤖 Last Tuesday, nearly 1,000 attendees joined us for our InsurTech Summit 2024: AI for Everything! An event exploring fascinating AI use cases in the insurance business, along with some surprising risks! Now, tune in with Carrier Management’s Elizabeth Blosfield and Allen Laman as they recap their favorite moments from the info-packed summit. They’ll also announce the event’s big trivia and avatar contest winners live on LinkedIn!
Don’t miss out! And be sure to check out the entire summit ahead of time if you didn’t catch it live. Available on demand at https://theinsurtechsummit.com/
💥 AI for EVERYTHING in #insurance 💥
A special thanks to our generous sponsors Ivans, EagleView, and Cloverleaf Analytics!
The post 🤖 InsurTech Summit LinkedIn Live Wrap-Up! 🚀 appeared first on Insurance Journal TV.
In this interview with Carrier Management’s Elizabeth Blosfield, Cover Whale’s Darien Acosta, and Capco’s Behzad Salehoun, discover how AI can assess employee emotions and stress levels to improve work culture while addressing crucial privacy and ethical concerns. 💼😊 To watch the full interview, register here!
AIinWorkplace #EthicalAI #WorkCulture
The post AI in the Workplace: Monitoring Emotions and Enhancing Culture with Caution 🤖 appeared first on Insurance Journal TV.
On this episode of The Insuring Cyber Podcast, two guests joined from the RIMS RISKWORLD conference, held in May in San Diego. Bob Parisi, head of Cyber Solutions for North America at Munich Re, discussed current trends in the evolving cyber insurance landscape, the persistent threat of ransomware, and the impact of AI on cybersecurity. He also talked about recent SEC requirements and the growing involvement of boards and directors in cyber risk management.
Later at the conference, Yoni Sherizen, co-founder and CEO of Gabriel, shared how the InsurTech focuses on minimizing risks from workplace violence and mass shootings with the latest technology. He discussed the importance of tech innovation for a proactive approach to these threats through early detection, alerting, and response measures. He also highlighted gaps in general liability coverage for incidents involving deadly weapons as well as the growing market for workplace violence insurance. Check it out!
The post EP. 86: How Tech Innovations Are Helping Insurers Manage Digital, Physical Threats appeared first on Insurance Journal TV.
In this interview with Carrier Management’s Elizabeth Blosfield and Nationwide’s Chetan Kandhari, explore how insurers can leverage AI while preserving essential human elements like empathy, confidence, and decision-making to enhance customer experience. 💡🛡️ To watch the full interview, register here!
AIinInsurance #EmpathyInBusiness #CustomerConfidence
The post Balancing AI and Human Touch: Keys to Empathy and Confidence in Insurance 🤝 appeared first on Insurance Journal TV.
⚖️ A pivotal Illinois ruling on the Biometric Information Privacy Act could shield insurers from liability if they utilize the correct policy exclusions. To watch the full interview and all sessions from the InsurTech Summit 2024, register here!
InsuranceLaw #BiometricPrivacy #PolicyExclusions
The post Biometric Privacy Ruling: Insurers Navigate Exclusions in Landmark Case 🔍 appeared first on Insurance Journal TV.
Listeners: Do not mess with Ngozi Nnaji. She’ll overwhelm you with facts, passion, warmth and all-around humanity. This insurance industry professional is a networker par excellence, matching carrier execs with agency owners. It’s all about expanding the pool of talent, markets and coverage to a wider group of Americans. For example, Ngozi outlines her “Black Friday” networking events creating one-on-one events to support Black-owned independent agencies with access to capital, capacity and consultative resources. “When you diversity your distribution, you have access to markets you haven’t even focused on before,” says Ngozi to the carrier audience. “If you want to sustain yourself as a carrier or employer, you need to consider the opportunities.” What an inspiring story, starting with family as the daughter of a Nigerian immigrant and looping through literally a hand-picked — by dad! — insurance career. Ngozi will change your day.
InsuranceIndustry #NetworkingExcellence
The post ‘Black Friday’ Gets a Reboot appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, join George and Patrick as they talk with Kevin Amrhein about the latest class, Broke as a Joke in 2024: Commercial Property Edition.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Kevin Amrhein appeared first on Insurance Journal TV.
Is workers’ compensation insurance treated the same for the cannabis sector as any other industry? Are claims different? What about the risks? Kevin Tarango, director of Cannabis and the Workers’ Comp Dividend Program at Heffernan Insurance Brokers, answers “No” to all the above. He runs the Heffernan Cannabis Association, a workers’ comp program that pays dividends of up to 40% of premium to qualifying cannabis businesses. We spoke with him for our latest podcast episode to get a handle on workers’ comp in cannabis – and, of course, to ask him to talk about his program.
The post EP. 92: Workers’ Comp in Cannabis is Just Another Day at the Office appeared first on Insurance Journal TV.
Learn how businesses can safeguard their trade secrets and sensitive data when using AI products by understanding usage terms and establishing proper agreements, in this interview with Carrier Management’s Elizabeth Blosfield and Gunster’s Holly Goodman. 🛡️💻 To watch the full interview, register here!
DataProtection #AIinBusiness
The post Protecting Your Data: Essential Steps for Safe AI Integration in Business 🔒 appeared first on Insurance Journal TV.
Discover how Lemonade leverages AI to transform insurance claims, from enhancing internal processes to navigating regulatory landscapes and driving innovation, as host Elizabeth Blosfield interviews Lemonade’s Sean Burgess. 🔍 To watch the full session from the 2024 InsurTech Summit, register here!
InsuranceInnovation #AIinClaims
The post AI in Insurance Claims: Navigating Challenges and Pioneering Solutions 🚀📈 appeared first on Insurance Journal TV.
🤖 Companies are increasingly using AI to screen resumes, generate job descriptions, and analyze culture fit. However, there are potential biases that need to be addressed, and human oversight is still essential. 💼 This excerpt from the 2024 InsurTech Summit panel discussion “Humans vs AI Face-off” explores these issues.
The post Unlocking AI in Employment: Benefits and Challenges appeared first on Insurance Journal TV.
Cowbell leverages AI to transform cyber insurance by analyzing unstructured data, identifying hidden risks, and automating decision-making. Watch this sneak peek of the Insuring Cyber Podcast with Cowbell’s Rajeev Gupta – click here to watch the full episode!
The post AI Revolutionizes Cyber Insurance at Cowbell appeared first on Insurance Journal TV.
In this clip from Weathering the Storm: Cyber Insurance Risk in 2024, insurance carriers must adopt comprehensive approaches to manage cyber risk portfolios, leveraging both internal and external resources to keep pace with the evolving cyber threat environment.
Main topics include:
- Portfolio Analysis
- Internal Resource Integration
- Strategic Growth and Capital Management
CyberInsurance #RiskManagement
The post Strategies for Insurance Carriers appeared first on Insurance Journal TV.
To safeguard against bias and ensure high-quality data inputs for AI systems, insurers can leverage innovative approaches such as chaining together AI agents to perform sequential quality assurance checks, thus optimizing outputs and minimizing potential biases.
To learn more about this, watch the full episode of Between the Lines!
AIQualityAssurance #DataIntegrity
The post Strategies for Insurers to Mitigate Bias and Enhance Quality appeared first on Insurance Journal TV.
🌍 Reporting from the RIMS Riskworld Conference in San Diego, Andrea Wells from Insurance Journal interviewed Patrick McBride, Head of Construction Property at Zurich North America, about the intersection of green building and resiliency in risk management.
RiskManagement #GreenBuilding
The post Exploring Resiliency Beyond Green Building Materials appeared first on Insurance Journal TV.
In this episode, Syd, Julie & Derence discuss ChatGPT 4o, use cases for AI insurance, & women in comfortable shoes. Syd shares the importance of the basics of data, and calms Julie down and assures her that she can still press “0”. This is a fun episode with takeaways for not only insurance humans, but humans in general. Enjoy!
About Sid: Because of her roots in a family-run independent insurance agency, Syd Roe has spent the last decade championing the advancement of Insurtech as a competitive edge for the channel. She partnered in the growth of the first independent agency social network, helping agencies across the country embrace digital marketing through her storytelling. She, then, successfully brought a behavioral analytics platform to market in just 2 years after joining a seed stage startup. Currently, she runs the Agency Marketing team for a leading tech provider and is laser-focused on bringing the voice of the agent to every product discussion. When she’s not thinking about advancing Insurtech, she’s probably running, biking or swimming in training for her next Ironman.
The post EP26: iJamming with Syd Roe? Heck yeah! appeared first on Insurance Journal TV.
🌍🔍 From the RIMS Risk World Conference in San Diego, Andrea Wells interviews Amy Barnes, Head of Sustainability & Climate Change Strategy at Marsh, and Jonathan Lee, SVP at Marsh, they share insights on addressing climate risk in the supply chain and navigating an array of challenges—from credit and cyber risks to geopolitical and nature risks—the integration of advanced technologies is transforming their approach.
RiskManagement #SupplyChain #ClimateRisk #AI #GeospatialIntelligence
The post Transforming Supply Chain Risk Management: An interview with Amy Barnes and Jonathan Lee appeared first on Insurance Journal TV.
🔒🔗 More insights from the RIMS Risk World Conference in San Diego! Andrea Wells from Insurance Journal interviewed Mario P. Vitale, CEO of Resilience Cyber Insurance Solutions at Resilience, to highlight a crucial evolution in risk management: integrating cybersecurity with cyber insurance.
RiskManagement #CyberSecurity #CyberInsurance #RIMS2024 #Resilience #ThreatIntelligence
The post Bridging the Gap: Cybersecurity and Cyber Insurance appeared first on Insurance Journal TV.
Live from the RIMS Risk World Conference in San Diego!
Andrea Wells interviews Joan Woodward, EVP of Policy at Travelers. Joan delves into the pressing challenges facing medium and large businesses today. From macroeconomic and geopolitical risks to the evolving demographics of our workforce, the landscape is rapidly changing. With 10,000 baby boomers retiring daily, she explains how the focus shifts to millennials, Gen Z, Gen Y, and Gen X as the future workforce.
WorkforceTrends #TalentAcquisition
The post Understanding Workforce Dynamics: Insights from RIMS Risk World Conference with Joan Woodward appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk about the latest class, Business Income Limits and Coinsurance.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Patrick Wraight appeared first on Insurance Journal TV.
Join us for the 2024 InsureTech Summit: AI for Everything on Tuesday, May 21st. This one-day summit will feature insightful panels on AI for claims, underwriting, customer experience, talent acquisition, payments, cybersecurity, and more.
Don’t miss out on this opportunity to stay ahead in the AI race! Hosted by Elizabeth Blossfield, Andrea Wells, and Allen Laman.
Get your free ticket and view the entire list of speakers and sessions at theinsuretechsummit.com . Plus, don’t forget to participate in our virtual trivia competition with prizes totaling over $3,500 and our avatar competition.
Join us and be a part of the future of insurance technology!
InsureTech #AI
The post Seize the Future: InsureTech Summit 2024 – Empowering Your AI Advantage appeared first on Insurance Journal TV.
Elizabeth Blosfield from Carrier Management brings you another interview from RIMS Risk World Conference in San Diego. She’s joined by Matt McMullen, EVP, Global Climate Practice Leader and Energy Industry Practice Leader, North America at Chubb. They discuss Chubb’s innovations in the climate tech space. Matt highlights the impact of the Inflation Reduction Act on climate tech investment and the trend of onshoring manufacturing in the US, particularly in renewable energy supply chains and battery technology.
ClimateTech #Chubb
The post Driving Innovation in Climate Tech: A Conversation with Chubb’s Matt McMullen at RIMS appeared first on Insurance Journal TV.
Mo Tooker from The Hartford sits down with Andrea Wells at RIMS Risk World Conference in San Diego. Their discussion delves into the critical aspects of talent retention and development within the insurance industry, shedding light on a proven strategy of consistent hiring and training of fresh talent from college, while strategically integrating external expertise.
Don’t miss out on this conversation!
RiskManagement #TalentDevelopment
The post Unlocking Talent Potential: Insights from The Hartford at RIMS appeared first on Insurance Journal TV.
In this webinar excerpt that discusses securing cannabis dispensaries, Kieran O’Rourke and Michael Hall highlight the importance of robust internal security systems and strong corporate culture to prevent Mission Impossible-style break-ins and reduce claims. This webinar covers, claims in dispensaries, product liability, lawsuits, and coverage disputes with Charles Pyfrom, Erich Schutz, Kieran J. O’Rourke, and Michael Hall.
Click here to watch the full webinar, Insuring Cannabis Claims: A Look at Trends, Surprises & Concerns.
CannabisSecurity #DispensarySafety
The post Enhancing Security Measures in Cannabis Dispensaries appeared first on Insurance Journal TV.
🤖 As AI becomes increasingly integrated into business operations, companies must adapt employee training to include cybersecurity awareness and bias recognition, while also understanding that AI will transform roles rather than simply replacing them. 📱💻
To learn more about this, watch the full episode of Between the Lines!
AIIntegration #BusinessOperations #EmployeeTraining #CybersecurityAwareness #BiasRecognition #FutureOfWork #BetweenTheLines
The post AI Integration: Transforming Employee Training and Redefining Roles in the Workplace appeared first on Insurance Journal TV.
If you work with construction-related coverages and want an update on business trends, here’s our resident builders risk expert for a lively chat on the construction and insurance market.🏗️ 📈 Alan Ferguson is president of US Assure, Zurich’s program administrator for builders risk. Alan literally grew up in this family business. And what an opportunity this business is, if you haven’t noticed. New home starts are healthy again, as is accompanying infrastructure (e.g. retail stores, restaurants) required to support the housing developments. 🏠 🛠️ Too, home remodels are booming. Agents should be asking their customers questions to be sure they’re covered for repairs and remodels. On another favorite “On Point” topic, Alan shares insight to US Assure’s culture: What is working so well for its 170 employees? And why?
ConstructionInsurance #BuildersRisk #InsuranceMarket #BusinessTrends #USAssure #HomeConstruction #InfrastructureDevelopment #HomeRemodels #InsuranceCoverage
The post Construction Trends Look Positive appeared first on Insurance Journal TV.
At RIMS Riskworld in San Diego, innovative predictive models were discussed, offering to improve early intervention strategies in workers’ compensation. These advancements could significantly reduce costs and enhance recovery outcomes. Andrea Wells from Insurance Journal had a sit-down discussion with Jean Feldman, the Senior Director of Managed Care at Sentry Insurance, to talk about how these new models will benefit injured workers and employers. 💼 👩⚕️
RiskManagement #WorkersComp
The post Risk Models Aim to Help Workers’ Compensation Claims appeared first on Insurance Journal TV.
📖 Join George Jack and Patrick Wraight in this episode of the IJA Aftershow as they discuss the new class, Cannabis and the Homeowners’ Policy, with Michael Koscielny. 📚
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Michael Koscielny appeared first on Insurance Journal TV.
💻🌐 Check out more highlights from the RIMS Risk World Conference in San Diego! Elizabeth Blosfield from Carrier Management sat down with Bob Parisi, Head of Cyber Solutions for North America at Munich Re, to discuss the evolving cyber risk landscape. 🛡️ Bob highlights the dual nature of AI in cybersecurity – as both a threat and a defense. 🔍 He also discusses the importance of strategic implementation.
The post Navigating the Cyber Risk Landscape: Insights from Bob Parisi at RIMS Risk World Conference appeared first on Insurance Journal TV.
Think you’ve heard it all when it comes to the sort of information that is sometimes left off policy forms? Think again. Kieran O’Rourke, underwriting manager for Cannasure, has seen a few key pieces of information left off insurance forms. O’Rourke, who is kind of a “buck stops here” type, has also seen some key pieces of info absent on submissions. But he doesn’t mind too much. He’s been doing this awhile, and he had some good insight for insuring cannabis specialists in our latest podcast.
The post EP. 91: Cannabis Insurance Underwriter on Surprising Info Left off Forms, Best Practices appeared first on Insurance Journal TV.
🌿 In an insightful discussion on cannabis claims, Kieran O’Rourke evaluates the complexities and strategic decisions involved in handling frequent small claims versus single large claims in the insurance sector. 🍃 This webinar covers, claims in dispensaries, product liability, lawsuits, and coverage disputes with Charles Pyfrom, Erich Schutz, Kieran J. O’Rourke, and Michael Hall.
Click here to watch the full webinar, Insuring Cannabis Claims: A Look at Trends, Surprises & Concerns.
CannabisClaims #InsuranceSector #ProductLiability #LegalDisputes #ClaimsHandling #InsuringCannabis #Webinar #IndustryTrends
The post Tackling the Dilemma of Frequent Small Claims vs. Single Large Claims appeared first on Insurance Journal TV.
⛳🎉 In this Golfertainment podcast clip, George, Patrick, and Kevin kick things off with a fascinating discussion on Hole in One Insurance! 🏌️♂️
Join them as they unravel the mystery behind this unique insurance concept. Discover how this insurance covers prize money for golfers who achieve the ultimate feat—a hole in one! 💰🏆
But wait, there’s more! Learn about other intriguing coverages offered by Hole in One International, including putting contest coverages, weather insurance, and promotion insurance. 🌧️☂️
🔊 Click here to catch the full episode and explore more golfing insurance insights! ⬇️#GolfEntertainment #HoleInOneInsurance #InsuranceInsights #GolfLife
Have you ever heard of Hole in One Insurance or similar concepts? Share your thoughts with us in the comments! 👇
The post Par for the Course: Unraveling the Mystery of Hole in One Insurance 🏌️♂️💰 appeared first on Insurance Journal TV.
🎥 Reporting from RIMS Risk World in San Diego! Andrea Wells sat down with Aldo Fucentese, SVP Chief Underwriting Officer and Construction Practice Leader at Liberty Mutual Insurance. Together, they tackled crucial topics including liability claims, construction claims, and more. 💼🌍 #RiskManagement #RIMSRiskWorld 🌟
The post Reporting from RIMS Risk World: A Discussion with Aldo Fucentese appeared first on Insurance Journal TV.
On this episode of The Insuring Cyber Podcast, Rajeev Gupta, co-founder and chief product officer at Cowbell, discusses how the InsurTech is working to stay innovative in a fast-changing cyber environment and how insurers can do the same. He talks about how the cyber risk landscape has changed in 2024, how generative AI is being used both by cyber criminals and cyber insurers, and the best strategies for insurers to stay on top of the threats.
The post EP. 85: How Insurers Are Achieving AI-Powered Cyber Resilience appeared first on Insurance Journal TV.
🤖 In this excerpt from Weathering the Storm: Cyber Insurance Risk in 2024, experts discuss the critical need for insurers to adapt and refine cyber risk models amidst the fast-paced evolution of cyber threats 💻 emphasizing the importance of a multifaceted approach to manage accumulation risk effectively.
Key points covered:
- Model Adaptability and Integration
- Data and Metrics for Accumulation Risk Management
- Preparation for Major Cyber Events
CyberInsurance #RiskManagement #CyberThreats #InsuranceIndustry #ModelAdaptability #DataAnalytics #CyberRisk #AccumulationRisk #CyberSecurity
The post Evaluating and Enhancing Cyber Insurance Models appeared first on Insurance Journal TV.
Leaders in the insurance sector share insights on infusing company values into 🤖 AI systems, adapting employee training for AI integration, and anticipating the evolution of roles in the industry amidst technological transformation. 💻
To learn more about this, click here to watch the full episode of Between the Lines!
InsuranceSector #AIIntegration #CompanyValues #EmployeeTraining #TechnologicalTransformation #FutureRoles
The post The Integration of Company Values and AI in Insurance appeared first on Insurance Journal TV.
🏌️♂️⛳ Tune in to the latest episode of the Golfertainment podcast for a hilarious and insightful discussion on golf-related liability! From wayward shots to unexpected encounters on the course, George Jack, Patrick Wraight, and Kevin Amrhein cover it all. 🎙️
Join them as they share anecdotes, legal insights, and even some chat with ChatGPT! 🤖 You won’t want to miss this blend of humor and knowledge.
🔊 Click here to listen to the full episode now. #GolfTertainment #Podcast #GolfLiability #LegalInsights #ChatGPT
The post Swinging into Legal Hazards: A Deep Dive into Golf Liability 🏌️♂️⚖️ appeared first on Insurance Journal TV.
🎙️🎉 Dive into the latest podcast episode of Golfertainment. In this snippet, George, Patrick, and Kevin delve into the realm of golf movies and sequels. 🏌️♂️ From the legendary Happy Gilmore to classics like Caddyshack, they explore why some films get sequels while others don’t.
Click here to listen to the full episode now.
Golfertainment #Podcast #HappyGilmore2 #GolfMovies #Sequels #Discussion 🎧
The post Golfertainment Podcast Clip: Delving into Golf Movie Sequels appeared first on Insurance Journal TV.
💬 In this episode of the IJA Aftershow, George Jack talks with Walt Gerano about the latest class, Rules of Engagement in Selling.
Not yet a member of the academy? Join Today!
SalesTips #ProfessionalDevelopment #JoinTheAcademy
The post IJA Aftershow: Walt Gerano appeared first on Insurance Journal TV.
🌿 In the rapidly evolving landscape of cannabis insurance, industry experts discuss the unique challenges and significant shifts in underwriting practices due to prolonged claims and the implications for pricing and risk management. 🍃 This webinar covers, claims in dispensaries, product liability, lawsuits, and coverage disputes with Charles Pyfrom, Erich Schutz, Kieran J. O’Rourke, and Michael Hall.
Click here to watch the full webinar, Insuring Cannabis Claims: A Look at Trends, Surprises & Concerns.
The post Revolutionizing Risk: How Cannabis Claims Are Reshaping Insurance Underwriting appeared first on Insurance Journal TV.
🤖 As AI transforms insurance claims processing, concerns around data privacy, accuracy, and bias emerge. Insurers must implement robust safeguards to navigate these risks and ensure customer trust. 🔒🎯
Click here to watch Elizabeth’s interview with Serena Chan, partner and head of innovation and design at global technology and management consultancy, CAPCO.
The post Risks of AI in Insurance: Safeguarding Data Privacy and Accuracy appeared first on Insurance Journal TV.
As AI continues to reshape the insurance industry, new positions like prompt engineers and data architects are emerging, requiring not only technical expertise but also adaptability and a willingness to evolve rapidly alongside the evolving landscape.
To learn more about this, click here to watch the full episode of Between the Lines!
The post Charting the Future: Emerging Roles in AI-Powered Insurance Companies appeared first on Insurance Journal TV.
🚀 Discover how AI is revolutionizing claims processing, underwriting accuracy, customer service enhancements, talent recruitment, secure payment systems, and cybersecurity strategies within the insurance sector – AI for everything!
🌟 Join all-star panelists and engage with industry leaders and innovators who are driving AI advancements in insurance, providing valuable insights and expertise on the future of InsurTech.
🤖 Exciting Competitions: Participate in avatar creation and trivia challenges with a chance to win prizes totaling over $3,500, adding an interactive and fun dimension to this forward-thinking event.
🎟️ For tickets and the full schedule of speakers and sessions, visit theinsurtechsummit.com. 🎟️
The post The Future of InsurTech: AI Takes Center Stage at the 2024 InsurTech Summit appeared first on Insurance Journal TV.
Office culture expert Warren Wright pays a return visit to “On Point” with a snappy review of the five (count ‘em!) generations now in the workforce. It’s an existential clash of personalities, preferences — even demands. What are managers to make of this? Yes, workaholic older leaders are retiring at rapid rates, but as a group they still rule the roost. Warren serves up lots of helpful advice and examples to navigate the generation gap up and down: foster collaboration and inclusion; promote work-life balance; emphasize recognition and frequent feedback; provide meaningful work, and embrace new technologies. Whether you’re a small retail agency principal or a global organization executive, you’ll think differently when you listen as Warren lays out these fascinating realities.
The post ‘Culture Doctor’ In the House appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George talks with Nancy Germond about the latest class, Getting Back to Work: Workers’ Comp and the Social Determinants of Health.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Nancy Germond appeared first on Insurance Journal TV.
Want further proof that the cannabis industry is no longer the “red-headed stepchild” it is too often viewed as? Just ask TJ Frost. Frost is the president of Symphony Grow, which recently launched a captive program that Frost sees as evidence that the industry has arrived – it’s reached the point of maturity and respect. We spoke with Frost about the program, what sort of companies they are targeting, and why he thinks the program will grow.
The post EP. 90: Captive for Cannabis a Sign of Respect, Industry Maturity? appeared first on Insurance Journal TV.
On this episode of The Insuring Cyber Podcast, Serena Chan, partner and head of innovation and design at global technology and management consultancy, CAPCO, discussed how she’s seeing artificial intelligence shaping the claims industry and how AI technology can be used to fight fraudulent claims. Check it out!
The post EP. 84: Using Artificial Intelligence to Fight Claims Fraud appeared first on Insurance Journal TV.
In this clip from Weathering the Storm: Cyber Insurance Risk in 2024, industry experts highlight a growing trend towards collaboration between insurers and their clients to proactively manage cyber risks, emphasizing education, technology, and shared strategies for improved security.
Some key points from the webinar include:
- Rising Importance of Collaborative Risk Management
- Challenges in Adoption and Engagement
- Role of Insurtech and Innovation
The post Enhancing Cyber Risk Management Through Insurer-Insured Collaboration appeared first on Insurance Journal TV.
As businesses increasingly leverage AI in HR processes, such as performance evaluation analysis and resume matching, the ethical challenges of potential bias and discrimination must be carefully addressed to ensure fair and compliant practices.
To learn more, watch the full episode of Between the Lines!
The post Navigating the Risks: Ethical Challenges of AI in HR Decision-Making appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk about the latest class, Waiting on the Grand Reopening: Business Income Essentials.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Patrick Wraight appeared first on Insurance Journal TV.
🎙️ Join George Jack and the Florida Insurance men, Kevin Amrhein and Patrick Wright, as they dive into a variety of topics including golf, insurance, ChatGPT, and the latest from the Masters Tournament. They share fun anecdotes about their golf experiences and discuss hole-in-one insurance and golf-related liability cases. Don’t miss their lively banter and expert insights on the state of Florida’s insurance market. Whether you’re a golf enthusiast or an insurance professional, this episode has something for you! 🎧
The post EP. 04: Golfertainment: George and the Florida Insurance Men appeared first on Insurance Journal TV.
As geopolitical tensions rise, cyberattacks are increasingly shaping the landscape of international conflicts and posing significant challenges for businesses and insurers alike. Check out the full episode with Carrier Management’s Elizabeth Blosfield and Dave Lewison, executive vice president at Amwins Brokerage Group.
Click here to watch the full episode!
The post Cyberattacks Emerge as Critical Factor in Modern Global Conflicts and Business Risks appeared first on Insurance Journal TV.
Join us on Tuesday, May 21st, for a groundbreaking one-day event where technology meets insurance: AI for Everything! This summit is your gateway to exploring the most innovative AI applications in the industry, from claims processing and underwriting to enhancing customer experiences and revolutionizing talent acquisition. Carrier Management Deputy Editor, Elizabeth Blosfield and Insurance Journal’s Vice President of Content, Andrea Wells will be hosting this virtual event!
Click here to register for free today and save your spot!
The post Transform the Future of Insurance at the 2024 InsurTech Summit! appeared first on Insurance Journal TV.
Discover how businesses are leveraging AI to jumpstart policy creation, optimize job descriptions, and streamline onboarding processes, transforming HR operations for enhanced efficiency and employee experience in this excerpt from Between the Lines!
Click here to watch the full episode of Between the Lines!
The post Revolutionizing HR: Harnessing AI for Streamlined Policies and Seamless Onboarding appeared first on Insurance Journal TV.
Discover exclusive bonus footage from our recent webinar event featuring Erica Wood, M.S., CNTC, Chief People Officer at Cover Whale. Erica shares insightful perspectives on how Cover Whale leverages AI to transform HR processes, drive quicker decision-making, and cultivate a culture of ongoing enhancement. Additionally, she explores the emerging roles of Chief AI Officers in modern organizations.
If you missed the live session, watch the full episode of ‘Between the Lines’ on-demand here.
Don’t miss out on these invaluable insights!
The post Transforming HR: How CoverWhale’s AI-First Approach Is Reshaping the Industry appeared first on Insurance Journal TV.
Coterie Insurance emphasizes the importance of comprehensive training and a human-centered approach to prepare employees for collaborating with AI technology, ensuring successful integration and optimization.
Click here to watch the full episode of Between the Lines!
The post Unlocking Human Potential: The Key to Successful AI Integration in Insurance appeared first on Insurance Journal TV.
Newfront leads the charge in redefining employee training and roles within insurance, emphasizing skepticism and accountability in AI interactions, while leveraging technology to streamline tasks and empower professionals to focus on client-centric solutions, in this excerpt from Between the Lines!
Click here to watch the full episode of Between the Lines!
The post Empowering Insurance Professionals: Adapting Training and Roles for AI Integration appeared first on Insurance Journal TV.
In this episode of iJam, Valerie Foster, senior vice president, chief marketing officer at Berkley Alliance Managers joins Julie & Derence in a wide-ranging discussion of the ins & outs of insurance marketing. She makes predictions about the future, shares her most favorite marketing campaign, gives advice to those just starting in the industry, and much more!
About Valerie Foster: She is responsible for their brand, marketing, social media, digital marketing, media relations and communication strategies at Berkley Alliance Managers. She brings more than 30 years of experience in strategic marketing and communications in the financial services and technology industries, including 18 years in the specialty insurance sector. She has expertise in all facets of business-to-business marketing including brand management, communications, integrated campaigns, thought leadership and digital marketing.
The post EP. 25: Ijamming with Valerie Foster of Berkley Alliance Managers appeared first on Insurance Journal TV.
On this installment, Meg McKeen opens up on why and how we owe it to our well-being to question the status quo of our individual career situation. And she’s a living case study. Meg worked for two decades in insurance underwriting and sales, had an epiphany, and left for a break that led to a consultancy. “I had built skills that didn’t translate into anything other than insurance,” she says. “I found myself in the weeds. I was dealing with accounting discrepancies, commission reconciliations, people not paying bills, and bully board members trying to school me on insurance after I had 20 years in the business. I was empowered but not feeling powerful. I felt I was playing small in that moment. I felt that if I blinked, 10 more years would go by and I’d be in the same place. People who have made a career in insurance deserve a better experience.” Meg’s mission is to help managers learn how to create that experience. You’ll enjoy listening to these insightful and expressive words.
The post Never Too Late to Pivot appeared first on Insurance Journal TV.
Join George and Patrick in this episode of the IJA Aftershow as they talk with Tom Wetzel about the latest class, Artificial Intelligence and Insurance Agents – Panic or Promise Revised?
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Tom Wetzel appeared first on Insurance Journal TV.
Commercial auto is a tough topic in any business segment, and as I like to make mention of a lot, it’s tougher still for cannabis businesses. This brings me to delivery, which is becoming a big business where it’s allowed – everywhere from California to Connecticut. One can imagine the needs around such operations, especially the insurance and risk management needs. To get a handle on what’s happening with insurance and the cannabis delivery market, I spoke with Griffen Kapulica, Broker Relationship Manager for Fairmatic, a commercial insurance company delivering data-driven fleet insurance using AI-powered technology and telematics. We looped into the conversation Chris Boden, a long-focused cannabis insurance broker and vice president of the Wholesale Cannabis Division for PL Risk.
The post EP. 89: A Hard Look at Commercial Auto, Telematics and Cannabis appeared first on Insurance Journal TV.
On this episode of The Insuring Cyber Podcast, Dave Lewison, executive vice president at Amwins Brokerage Group, discusses how cyber insurers are managing rising geopolitical tensions and their impact on the insurance industry. He talks about the growing role that cyber attacks are playing in global conflicts and what that means for cyber insurers as they examine their approach to coverage. Check it out!
The post EP. 83: The Growing Role of Cyber Attacks in Global Conflict appeared first on Insurance Journal TV.
🌱 Join Insurance Journal and Don Jergler as he moderates a webinar featuring four leading experts delving into the cannabis insurance claims landscape, covering dispensary claims, product liability issues, lawsuits, coverage disputes, and more.
🆕 It will include industry experts: Charles V. Pyfrom, CMO at CannGen Insurance Services, Erich Schutz, VP & Cannabis Practice Leader at Jencap Specialty Insurance Services, Kieran J. O’Rourke Director of Underwriting at Cannasure Insurance Services LLC, and Michael Hall, VP & Cannabis Department Manager for Golden Bear Insurance Co.
Main Points in this webinar:
- Dispensary Claims: Expert insights into the unique challenges and trends surrounding insurance claims within cannabis dispensaries, including risk assessment and mitigation strategies.
- Product Liability: Examination of the evolving landscape of product liability issues in the cannabis industry, with a focus on best practices for insurers and businesses to navigate potential risks and claims.
- Legal Landscape: Insights into recent lawsuits and coverage disputes within the cannabis insurance sector, along with proactive measures to address legal challenges and ensure comprehensive coverage for industry stakeholders.
➡️ Click here to watch the on-demand video!
The post Check out Insuring Cannabis Claims: A Look at Trends, Surprises & Concerns appeared first on Insurance Journal TV.
As the insurance sector grapples with mounting cyber risks, in this excerpt from Weathering the Storm: Cyber Insurance Risk in 2024, experts underscore the pivotal role of AI in enhancing cybersecurity measures and managing data privacy, amidst a landscape where both defenders and attackers leverage advanced technologies.
Main points covered:
- AI-Powered Risk Assessment and Management
- Balancing Act Between Innovation and Threat
- Investment in Cyber Resilience
The post AI Revolutionizes Cybersecurity and Risk Management in the Insurance Industry appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk with Scott Margraves about the latest class, Cyber Insurance – Where in the World is Coverage?
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Scott Margraves appeared first on Insurance Journal TV.
In this excerpt from Weathering the Storm: Cyber Insurance Risk in 2024, insurance leaders advocate for focusing on individual account security controls to mitigate both attritional and systemic cyber risks, while also refining portfolio management strategies.
Topics include:
- Focus on Individual Security Controls
- Redefining Portfolio Management
- Strategic Underwriting for Broader Protection
The post Streamlining Cyber Risk appeared first on Insurance Journal TV.
Clara Analytics is leading the way in encouraging insurance carriers to overcome hesitation and effectively utilize AI technology, ensuring competitive advantage and compliance in the evolving landscape of insurance litigation.
Click here to watch the full episode!
The post Clara Analytics: Pioneering Success in Insurance Through Smart AI Adoption appeared first on Insurance Journal TV.
The insurance industry is grappling with the integration of artificial intelligence, balancing excitement for innovation with concerns about losing the human touch. In this episode of Between the Lines, experts will discuss strategies for insurers to maintain a human element while leveraging AI in various aspects of human resources, addressing risks and opportunities such as data privacy, regulation, and bias.
Here’s what we’ll cover:
- Using AI in the HR process
- Training employees to work with AI
- Thinking of AI as another employee
- Managing the risks of data privacy, regulation, and bias
A special thank you to Fleet Response for sponsoring this episode!
The post Watch the Latest Between the Lines Episode, On Demand Now! appeared first on Insurance Journal TV.
In this short clip from Weathering the Storm: Cyber Insurance Risk in 2024, experts delve into the escalating cyber threats and systemic risks facing insurers, emphasizing the need for preparedness against interconnected market disruptions.
Key points include:
- Systemic Risks
- Challenges in Risk Modeling
The post 2024 Cyber Insurance Risks: Weathering Systemic Threats appeared first on Insurance Journal TV.
What’s the current state and future of telematics? We check in with John Barbagallo, advisor to SambaSafety, which provides cloud-based risk management tools to monitor driver and vehicle behavior. John is former president of commercial lines at Progressive, where he led innovation in telematics as well as the growth of the carrier from a regional nonstandard player to a national powerhouse. The commercial auto market “is under a lot of stress right now,” he says. “It’s a dynamic messy environment with carriers struggling, costs going up faster than rates, there is churn, and less stability in the driver pool.” In light of the challenges, technology offers actionable, real-time information for carriers, brokers and their clients. On this recording, John unpacks key findings of a survey of agents and carriers on telematics usage and expected expansion.
The post Help for ‘Messy’ Commercial Auto Market appeared first on Insurance Journal TV.
According to Ben Rockwell, division president of Chubb Middle Market, climate change factors into where leaders choose to locate their businesses, and it also plays a role in deciding how assets will be protected.
The post Rockwell: Middle Market Firms Thinking About Climate Change As Risks Evolve appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, Tyler Jones, chief marketing officer for Clara Analytics, joined the podcast from InsurTech NY in Manhattan to discuss how artificial intelligence can be used to help insurers fight social inflation. He discussed how the models can be used to predict and fight back against litigation in claims, and how Clara Analytics is seeking to help insurers harness these tools. Check it out!
The post EP. 82: How Insurers Are Using AI to Fight Social Inflation appeared first on Insurance Journal TV.
In this excerpt from the Weathering the Storm: Cyber Insurance Risk in 2024 webinar, this discussion focuses on cyber accumulation risk where experts highlight the pervasive threat of systemic events impacting insurers’ portfolios underscoring the urgent need for preparedness.
Key topics include:
- Increasingly sophisticated cyber threats pose a significant risk to insurers, affecting a wide range of industries beyond finance and healthcare.
- Recent incidents like the AT&T outage underscore the omnipresent danger, with potential for large-scale impacts on operational data and software.
- Lloyd’s report highlights the staggering economic consequences of a major cyber event, with projected losses reaching trillions globally and a trillion dollars for the US economy, emphasizing the criticality of robust risk management strategies and tools for insurers.
The post Insurers Grapple with the Billion Dollar Question: Navigating Cyber Accumulation Risks in 2024 appeared first on Insurance Journal TV.
Middle-market companies posted record economic growth and revenue gains in the second half of 2023, according to a recent indicator survey by Chubb. Ben Rockwell, division president of Chubb Middle Market, recently shared that while favorable momentum around growth and investment is a hallmark of the report, headwinds do exist.
The post Middle Market Insurance Expert Details Segment’s Landscape appeared first on Insurance Journal TV.
The 2024 cyber threat landscape, marked by a ransomware resurgence and escalating privacy challenges, is the focus of this webinar, “Weathering the Cyber Storm: Cyber Insurance Risk in 2024,” Watch this excerpt as they lay out expert strategies for navigating and mitigating these evolving risks.
Including these topics:
- Ransomware Resurgence
- Data Exfiltration and Privacy Concerns
- Emerging Technology Risks
The post Navigating the Cyber Threat Landscape: Key Risks and Strategies in 2024 appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George talks with Rick Pitts and Diane Smith about the latest class, Excess and Surplus Lines – Doing Business Well in a Hard Market.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Rick Pitts and Diane Smith appeared first on Insurance Journal TV.
The devil is always in the details, and if you’re a cannabis business with a lot of product and cash to protect – as many dispensaries happen to be – you’ve got a lot of details to note. Brokers specializing in cannabis have a lot of details to deal with too, on behalf of themselves and their clients, in terms of required security measures that carriers want to see implemented, warranties, and so on. For our latest podcast, we spoke with Shauna Blackburn, cannabis team leader at Blitz Insurance, about the “fine lines” that must be read carefully not just on policy forms, but on applications for coverage.
The post EP. 88: ‘Fine Lines’ Cannabis Brokers and Operators Should Keep an Eye on appeared first on Insurance Journal TV.
In this issue, get insights from leaders spanning from middle management executives to the C-suite and boardroom. Topics covered include data governance, insurance regulation, enterprise risk management, talent management, boardroom composition, and beyond.
Click on the links below to view the magazine and some highlighted articles:
Leading the AI-Powered Insurer
How Underwriters Win Business With Data and ML at AXA XL
Regulators Run Alongside Speeding AI Train: What the NAIC Model Bulletin Means for Insurers
Chief Risk Officers Take on Gen AI
The post Explore The Latest Edition Of Carrier Management, Available Now! appeared first on Insurance Journal TV.
Check out this excerpt from Golfertainment: George and the Florida Insurance Men about a discussion the revolves around the potential liability and ethical concerns surrounding dating apps like Bumble failing to disclose if users include criminals, with contrasting opinions on whether strict background checks or a laissez-faire approach would be more appropriate, ultimately questioning the liability and responsibility of the app.
Click here to watch the full episode!
The post Golfertainment Excerpt: Should Dating Apps Screen for Criminals? appeared first on Insurance Journal TV.
You grow up with technology running through your veins. You’ve got a driven personality. You welcome challenges. Your dad is a leading annuity and life agent. Yes, you just might be a candidate to launch an insurtech. Meet Elad Tsur, co-founder of Planck, which provides AI-based underwriting insights for commercial insurers. Planck bolsters underwriters’ capabilities by scanning the environment and adding to a carrier’s data dictionary. Example: An underwriter considers insuring a particular bar. Planck provides hundreds of data insights such as bar hours of operation, how many bars are on the street and which one closes last, what liquor they serve, how many bartenders are working, what sports are on TV, how close by are a hospital and police station, and so on. The result is richer data for the carrier. Elad acknowledges the biggest challenge Planck faces today is not a willingness to adopt AI; instead it’s the pace of adoption. Insurance IT departments are challenged by data-collection and privacy rules as well as regulators’ concerns. “It’s not an easy process,” he says, but “doable” and major carriers now are on board. Elad’s insights and passion combine for an interesting recording.
The post Making Underwriters ‘Superheroes’ appeared first on Insurance Journal TV.
Check out this excerpt from the latest Insuring Cyber Podcast with Elizabeth Blosfield. Elizabeth talks with two partners and policyholder attorneys at global law firm Reed Smith – Anthony Crawford and Carolyn Rosenberg. They discuss regulatory developments regarding the use of artificial intelligence in insurance. They talk about the current landscape as states like New York begin to issue guidance for insurers on this topic and share where they think things could be headed as the technology evolves.
Click here to watch the full episode!
Here are some related articles on Carrier Management, check them out:
What’s in New York’s Latest AI Circular?
Regulators Run Alongside Speeding AI Train
MGU-Carrier Relationships and AI
NAIC’s AI Model Bulletin in Brief
The post Carolyn Rosenberg and Anthony Crawford of Reed Smith on Regulating AI appeared first on Insurance Journal TV.
Michele Shedlock, project team lead for risk engineering services at Chubb, discusses how the insurer is using hands-on training and educational materials to prepare companies for building and maintaining a workforce that is resilient and protected from natural disasters and other safety risks.
The post Training a Resilient Workforce appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk with Fred Fisher about the latest class, It’s (Not) Just a Name Change and Other Issues. A Deep Dive into Extended Reporting Conditions.
Not yet a member of the academy? Join Today!
The post IJA Aftershow: Frederick Fisher appeared first on Insurance Journal TV.
Erik Olsen, senior vice president and leader of Chubb’s Property Center of Excellence, discusses how IoT technologies can protect against property damage, business interruption, and other impacts of natural disasters.
The post How Chubb is Using IoT for Natural Hazard Mitigation appeared first on Insurance Journal TV.
On this episode of The Insuring Cyber Podcast, two partners and policyholder attorneys at global law firm Reed Smith – Anthony Crawford and Carolyn Rosenberg, discuss regulatory developments regarding the use of artificial intelligence in insurance. They talk about the current landscape as states like New York begin to issue guidance for insurers on this topic and share where they think things could be headed as the technology evolves. Check it out!
Here are some related articles on Carrier Management, check them out:
What’s in New York’s Latest AI Circular?
Regulators Run Alongside Speeding AI Train
MGU-Carrier Relationships and AI
NAIC’s AI Model Bulletin in Brief
The post EP. 81: Regulating the Future with AI and Insurance appeared first on Insurance Journal TV.
Explore the newest Carrier Management issue featuring guest editor Michael Fitzgerald, Insurance Industry Advisor for SAS Institute, offering insights on preparing for an AI-driven future. Dive into some of this issue’s highlighted articles or the full magazine by clicking the links below:
Leading the AI-Powered Insurer
How Underwriters Win Business With Data and ML at AXA XL
Regulators Run Alongside Speeding AI Train: What the NAIC Model Bulletin Means for Insurers
Chief Risk Officers Take on Gen AI
The post Michael Fitzgerald Takes on Guest Editor Role for Current Quarter’s Carrier Management Issue appeared first on Insurance Journal TV.
Get an exclusive behind-the-scenes look at Scott Schaffer’s journey through the film industry! In an enlightening interview, Schaffer shares insights into his background, and his work on the Oscar winning short film, War Is Over. To watch the full trailer, visit electroleague.com.
The post Oscar Winner “War is Over”: Scott Schaffer Dishes on Film Industry Roots appeared first on Insurance Journal TV.
“War is Over! – Inspired by the Music of John and Yoko” is a short film that is up for an Oscar this Sunday! Golftertainer George and the Florida Insurance men talk with Scott Schaffer about his role in the upcoming film.
Visit electroleague.com to find more about the short film!
The post Will “War Is Over” Win an Oscar?! appeared first on Insurance Journal TV.
In this excerpt of The Insuring Cyber Podcast, Dominic Vogel, founder of Vogel Leadership and Coaching, talk about the primary risks that small to medium-sized businesses (SMBs) are currently facing. Dominic offers insights on the ideal timing for startup founders to begin focusing on cybersecurity measures and provides actionable advice for getting started in the full episode here: insurancejournal.tv/videos/23367/
The post Key Insights from Dom Vogel on SMB Security Trends for Startups appeared first on Insurance Journal TV.
You won’t want to miss this engaging and informative cyber webinar hosted by Carrier Management’s Elizabeth Blosfield.
As cyber risks grow and the technology that criminals are using becomes more advanced, how can insurers weather the cyber storm? Experts will discuss the likelihood of a widespread cyber event impacting an insurer’s portfolio and how insurers can prepare for accumulating cyber risk.
Register now and tune in live on Tuesday, March 19th at 10am Pacific / 1pm Eastern.
Here’s what we’ll cover:
- What cyber accumulation risk means for insurers
- What new tech tools can help with risk modeling
- How AI can assist in the risk assessment process
- How insurers can navigate an environment of constant change
The post Don’t Miss! Weathering the Storm: Cyber Insurance Risk in 2024 appeared first on Insurance Journal TV.
As museums, galleries, and art dealers increasingly integrate technology into their operations, the necessity for cyber insurance becomes more apparent. Watch this excerpt with Elizabeth Blosfield and John Farley about the rise of threats of this nature. Click here to watch the full episode with John Farley, Managing Director of the Cyber Practice at Gallagher.
The post Museums, Galleries, and Art Dealers Increasingly Turn to Cyber Insurance Amid Rising Technology Reliance and Threats appeared first on Insurance Journal TV.
Episode 3 of the podcast delves into the potential issues surrounding the dating app Bumble, questioning the need for background checks and discussing liabilities for insurance companies. Golfertainer George and the Florida Insurance men also touch on entertaining but risky events like the Florida Man Games and explore the world of insurance implications in unusual circumstances. Exciting collaborations and discussions are also in this episode, about the entertainment industry with Scott Schaffer including working on TV shows and the Oscar nominated short film “War is Over”. The short film is inspired by the music of John Lennon and Yoko Ono. Check out the full episode for insightful conversations and engaging topics!
The post EP. 03: Golfertainment: George and the Florida Insurance Men appeared first on Insurance Journal TV.
Companies that spend between ten percent and 20% of their revenue in research and development are making a “significant investment that, right now, is not protected under any other insurance,” said Mary Guzman, founder of Crown Jewel Insurance. Her company covers R&D assets as trade secrets.
The post Guzman: Trade Secrets Provide Flexibility, Long-Term Protection appeared first on Insurance Journal TV.
Insurance money. Necessary, but not necessarily sexy. What if the insurance industry could eliminate the manual money chase? Andrew Wynn is on a mission to promote jobs on the production side of agencies, brokers and MGAs rather than “non-revenue-generating roles” like accounts payable and receivable. “The way money moves and transactions happen in insurance is critical,” says Andrew, who co-founded insurtech Ascend. “Commissions, claims, premiums, endorsements, reinsurance all have to be paid. But nobody gets the best loss ratio because they’re the best at payments. Nobody gets to be a top-100 retail broker because their invoicing is stellar.” Yet… By integrating digital invoicing, premium financing and carrier payables, agencies can eliminate manual tasks and reduce operational expenses, allowing them to focus more on serving customers and driving growth, says Andrew. On this recording, he also touches on the proper role for artificial intelligence in the industry.
The post Moving Money in Insurance appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, three guests discuss the effect of the SEC’s new cyber disclosure rules, adopted in July, on cyber and D&O insurance … Read More »
The post EP. 70: The SEC’s New Disclosure Rules and Cyber, D&O Coverage appeared first on Insurance Journal TV.
This year’s summit will feature master classes for insurance professionals in a distressed cannabis market. Ample opportunities are springing up around the country despite the lag in the once-booming cannabis sector – and the promise from emerging cannabis products shows no bounds.
We found some of the most recognizable successes in the insuring cannabis business to give a series of master classes over three days in an event that breaks the talking-head summit paradigm.
Join each day for 60 to 90 minutes as professionals from all corners of the specialty give instruction on data and trends to watch, emerging cannabis and insurance products, and navigating a distressed cannabis market.
Register for free today at: insuringcannabissummit.com
Special thank you to our presenting sponsors: Cannasure, CannGen and Jencap!
The post Check Out This Year’s Insuring Cannabis Summit Lineup appeared first on Insurance Journal TV.
In this episode, Julie and Derence announce the 2023 Insurance Journal ad reader study winners. The also talk about advances in AI, QR codes, awesome new media kit covers, and more. Shout out to all the creative teams of ad reader study winners this year: Applied Underwriters (#1 & #3), Texas Mutual (#2), Omaha National Underwriters #4, Foremost Insurance Group (#5) and RPS Signature Programs (#6)!
The post 2023 Ad Reader Study Winners Announced! appeared first on Insurance Journal TV.
With all the changes in the cannabis market in the past year, one area of insurance that has remained surprisingly far in the background is reps & warranties … Read More »
The post EP. 79: A Look at Reps & Warranties in a Changing Cannabis Market appeared first on Insurance Journal TV.
In part two of this two episode series about the newly proposed U.S. Cyber Trust Mark program, Dr. Sezaneh Seymour, vice president and head of regulatory risk and … Read More »
The post EP. 69: The U.S. Cyber Trust Mark and the Power of Collaboration appeared first on Insurance Journal TV.
Sean, the CEO of the Insurance Information Institute, joins “No Exclusions” for episode number 2. This is an audio-only product so listeners will not get to see the … Read More »
The post EP. 2: On the Level With Sean Kevelighan appeared first on Insurance Journal TV.
Don’t miss this year’s Insuring Cannabis Summit hosted by Insurance Journal’s Don Jergler! This three day virtual event will feature bite-sized sessions with top experts in the industry. … Read More »
The post Coming Soon: The Insuring Cannabis Summit 2023! appeared first on Insurance Journal TV.
We chat with MarshBerry’s Brooke Lugonjic, who urges agency owners not to depend today’s higher property/casualty premiums to drive revenue. “Too many firms are falling into the hard … Read More »
The post Hard Market Offers Opportunities appeared first on Insurance Journal TV.
Some cannabis insurance brokers are seeing better conditions for their cannabis clients – lower rates, better terms. It could be that other industries are just catching up to … Read More »
The post EP. 78: Are Insurance Conditions for Cannabis Catching up with Other Businesses? appeared first on Insurance Journal TV.
This is a two-part episode series exploring the newly proposed voluntary cybersecurity certification and labeling program in the U.S., called the U.S. Cyber Trust Mark, announced by the … Read More »
The post EP. 68: What to Know About the Proposed U.S. Cyber Trust Mark appeared first on Insurance Journal TV.
You’ll enjoy this recording with husband-and-wife team Gertha (“Gigi”) and Ebens (“Benz”) Jean, Delaware independent agents of Haitian decent. They stress community first, helping those in need and … Read More »
The post “Unicorns” Put Priority on Community Service appeared first on Insurance Journal TV.
You don’t hear a lot about insurtech and cannabis, but one firm aims to change that paradigm. SquareRisk principals also say they aim to transform the wholesale distribution … Read More »
The post EP.77: Cannabis Insurtech a Sign of More to Come in Cannabis? appeared first on Insurance Journal TV.
According to a PwC report, recent studies project that Gen Z and millennials currently make up approximately 38% of the global workforce and this percentage will rise to … Read More »
The post EP. 67: Insuring the Future: How Gen Z Digital Natives Are Transforming Insurance appeared first on Insurance Journal TV.
This “On Point” episode is unusual. We’re worried about the state of our country’s media and what is considered “news” these days. Are you as well? The … Read More »
The post Can We Trust the Media? appeared first on Insurance Journal TV.
In this episode, Julie and Derence have a fun conversation with the one of the industry’s most recognizable and respected marketers, journalists and spokespeople, Peter Van Aartrijk. He’s … Read More »
The post EP.16: Peter Van Aartrijk Rocks! appeared first on Insurance Journal TV.
Cannabis operators are beefing up security, and in some cases they are custom fortifying, in hopes of making a case to carriers for lowering premiums. One well-known cannabis … Read More »
The post EP. 76: Cannabis Operators Custom Fortifying to Make a Case to Carriers appeared first on Insurance Journal TV.
While technology is continuing to evolve and provide many benefits to insurers and their customers, one concern is that growing connectivity and dependence on technology means a single … Read More »
The post EP. 66: Understanding the Domino Effect of Cyber Accumulation Risk appeared first on Insurance Journal TV.
Vishaal “V8” Hariprisad is the first ever guest of No Exclusions. This is sure to be the answer of a trivia question one day so take note. For … Read More »
The post Ep. 1: Getting It Straight From V8 (Vishaal Hariprisad) appeared first on Insurance Journal TV.
Steven Rothstein, managing director of the Ceres Accelerator for Sustainable Capital Markets, presaged a detailed analysis due out soon from Ceres using machine learning that delves into hundreds of climate … Read More »
The post SNEAK PEEK: Climate Group’s Report Will Examine Insurer Disclosures appeared first on Insurance Journal TV.
Where can insurance marketing and communications professionals turn for new ideas as well as some group therapy? How about the Insurance Marketing & Communications Association, says Megan Bell, … Read More »
The post Marketing Leader Lauds “Tribal” Peers appeared first on Insurance Journal TV.
In this episode, Julie and Derence discuss Meta’s new “Threads”, Twitter competitor, its 30 million sign-ups, and how its privacy policy makes it difficult to untangle from. They … Read More »
The post EP. 15: Threads, Barbies, & Labor Perception Bias in ChatGPT appeared first on Insurance Journal TV.
Green growth potential has impressed reinsurance giant Swiss Re enough to put significant resources into studying and potentially capturing business from the market. Samantha Dunn, head sustainability underwriting, … Read More »
The post SNEAK PEEK: Swiss Re Putting Resources into Capturing Green Energy Business appeared first on Insurance Journal TV.
Washington Insurance Commissioner Mike Kreidler was one of the first regulators to recognize the important role the insurance industry would come to play in dealing with climate change. … Read More »
The post SNEAK PEEK: Washington Insurance Commissioner Marks Three Decades in Climate Change Battle appeared first on Insurance Journal TV.
For some reason the podcast format seems to lend itself to the cannabis world. There are more cannabis focused podcasts than one can count. And they vary broadly … Read More »
The post EP. 75: The Universe of Cannabis Podcasts: Education, Fun, Advocacy, Insurance appeared first on Insurance Journal TV.
A 1988 law regarding video rentals, called the Video Privacy Protection Act, is still affecting the legal, and even the insurance and technology landscape, today. On this episode … Read More »
The post EP. 65: Be Kind, Rewind: How a Blockbuster-Era Law Is Still Being Used in Data Privacy Disputes appeared first on Insurance Journal TV.
Let’s hear from industry icon Sam Friedman, who retired recently as insurance research lead at Deloitte. Prior to that he was a long-time insurance writer and editor, joining … Read More »
The post Journalist Reflects on 4-Decade Career appeared first on Insurance Journal TV.
In this episode, Julie Tinney and Derence Walk discuss the idea that the lack of human-created material may mean that ChatGPT will begin learning from mediocre content. They … Read More »
The post EP. 14: Is ChatGPT learning from crappy content? appeared first on Insurance Journal TV.
In the second in a series of episodes within the Insuring Cannabis podcast focused on science, we learn about cannabis extraction. Starting with an extraction 101 explainer, we … Read More »
The post EP. 74: The Science of Cannabis Extraction appeared first on Insurance Journal TV.
Rob Schimek, CEO of bolttech, and Rick McCathron, CEO of Hippo, both spoke with The Insuring Cyber Podcast from the annual Insurtech Insights conference held in June in … Read More »
The post EP. 64: Collaboration is Key for InsurTechs in a Challenging Environment appeared first on Insurance Journal TV.
Hello, thank you for joining me in this first episode of Insurance Flipsides. I am L.S Howard, International Editor at Wells Media Group, and we’ll be using this … Read More »
The post EP. 1: Reinsurers Compete in World’s Toughest Row appeared first on Insurance Journal TV.
In this episode, Julie Tinney & Derence Walk discuss the Apple Developers Conference takeaways, A former NBC Universal Marketing Exec taking over as Twitter CEO, Jack Daniels brand … Read More »
The post EP. 13: Jack Daniels, Kidnapping & Rainbows appeared first on Insurance Journal TV.
In this recording we check in with Jason Cass, an agency principal who enjoys challenging the status quo. These days he’s putting energy into a new conference, called … Read More »
The post “IndieTech” Event Created for Agents appeared first on Insurance Journal TV.
Insurance professionals specializing in cannabis across the nation in the last few years have gone from few and far in between to too many to count as cannabis … Read More »
The post EP. 73: Carrier-Broker Relations Evolving as Insuring Cannabis Matures appeared first on Insurance Journal TV.
Between the Lines is a new quarterly video series covering Carrier Management’s latest issue with interviews, commentary and in-depth analysis of the stories featured in the latest edition. … Read More »
The post What Can ChatGPT and Other Generative AI Chatbots Do in Insurance? appeared first on Insurance Journal TV.
Tim Johnson, partner at law firm Browne Jacobson, spoke with Carrier Management’s Elizabeth Blosfield on this episode of The Insuring Cyber Podcast about how there are things insurers … Read More »
The post EP. 63: Navigating the Unknowns with Chatbots and Insurance appeared first on Insurance Journal TV.
Join us Wednesday, June 21st at 10am PT / 1pm ET for this one hour discussion!
What you will learn:
1. How serious of a problem is workers’ stress and mental health today?
2. How should employers respond and help?
3. What are preventions, solutions, and interventions?
4. What’s compensable and what’s not?
These are a few of the questions we will tackle in the upcoming webinar.
Click here to register for this free event!
The post Mental Health: Can Workers’ Comp Handle the Stress? appeared first on Insurance Journal TV.
Perennial “On Point” rock star Dennis Moseley-Williams reflects and digs deep on this recording. No matter what size business you’re leading, here are five pieces of advice to get you thinking differently. The financial services management consultant covers anticipating disruption, creating the unexpected for clients, “life/work integration” (not balance), generating ideas from all quarters of the firm, and learning to listen and be more vulnerable. “Don’t double-down on the status quo; think about transformation,” Dennis says. “Think about transformation. Don’t think about the money or it’s a race to the bottom.” A client-focus is more important than process, he insists.
The post The “Reluctant CEO” appeared first on Insurance Journal TV.
In this episode of the Insurance Journal Advertising & Marketing (IJam) podcast, Julie & Derence discuss the new ChatGPT App, Google Bard limitations at the moment, the iconic “Think Small” Volkswagen ad campaign, and an instance of ChatGPT pulling a Julian Lennon fact out of thin air. (This episode is dedicated to Tina Turner & Max, the World’s Most Handsome Guinea Pig.)
The post EP. 12: ChatGPT Apps, Volkswagen Campaigns & Guinea Pig Holes appeared first on Insurance Journal TV.
At first glance, it would be tempting to write off ventures like Behavior Labs or reepher, as consumer-oriented endeavors with little more than passing interest for insurance professionals specializing in cannabis. However, these “behavior products,” as the founder of the companies refers to them, may have some value for the insuring cannabis space. For our latest episode, we spoke with Justin Kahn, a serial entrepreneur and cofounder & CEO of reepher and Behavior Labs.
“This episode is supported by Cannasure, insurance designed to protect and grow the cannabis industry nationwide. Learn more and get appointed at cannasure.com. “
The post EP. 72: What Cannabis Insurance Pros Should Know About ‘Behavior Products’ appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, William Bennett, partner at Saxe Doernberger & Vita, discusses the benefits and risks of using generative AI chatbots in insurance. While the insurance industry’s use of these tools is still in its early stages, he sees potential opportunities for chatbots to assist with not only customer service, but drafting policy language and helping insurers reach a consensus on clear language. However, he cautions that insurers will need to weigh the risks as well as the benefits and ask themselves how much they can trust a technology that is still so new to them. Check out the conversation!
The post EP. 62: How Much Should Insurers Trust AI Chatbots? appeared first on Insurance Journal TV.
In this soundbite, Jason Wexler, Head of Insurance Underwriting at ProCore Insurance Services gives his take on what some of the biggest emerging risks insurers should be aware of are, from The InsurTech Summit 2023 panel, Data is the New Gold: Mining for Underwriting Insights.
Watch the full discussion on demand by visiting theinsurtechsummit.com.
The post Panelists Discuss Emerging Risks at The InsurTech Summit 2023 appeared first on Insurance Journal TV.
Join the discussion Tuesday, June 27th, 2023 at 10am PT
Here’s what we’ll cover:
– What insurers are doing to mitigate climate change
– Regulator perspective on insurers and climate change
– Underwriting and fossil fuels
– Sustainable investing
– TCFD disclosure reports
Visit the registration page to find more information and save your seat!
The post Upcoming Webinar: How Will Insurers Sustain Sustainability? appeared first on Insurance Journal TV.
In this soundbite from The InsurTech Summit 2023, Rachek Jenkins, Managing Director/Client Advisory at FounderShield, and Rebecca Bole, Head of Industry Engagement at CyberCube, both discussed with Host Elizabeth Blosfield the importance of building a diverse workforce in cyber insurance.
Listen to the full discussion on-demand which includes their thoughts on growing cyber attacks, economic uncertaintly, talent gaps, changing environmental threats, and a global pandemic by visiting theinsurtechsummit.com.
The post The Importance of Building a Diverse Workforce in Cyber Insurance appeared first on Insurance Journal TV.
Church Mutual is lucky to have John Tribble. The carrier that “serves those who serves others” got way ahead of the 2020 social unrest when it launched a diversity initiative with John in 2017. Looking in new places to recruit is key, John says. “We have to be more deliberate in talent acquisition. View people as they are. If they bring a certain different skill set, that skill set is valuable. Some of the most notable achievements or breakthroughs came from people who didn’t necessarily finish college. A degree is important, but hone in on what we need as a company to succeed. We need to allow them to feel comfortable and not be under a microscope, or another company or industry will take them. And we’ll be the losers.” Listen as John outlines how he mentors young talent, as he himself was mentored back in the early 1990s as an unpaid intern. You’ll appreciate John’s enthusiasm for the insurance industry as a fantastic place to work!
The post DEI: “Be Willing to Try New Things” appeared first on Insurance Journal TV.
In the first in a series of episodes within the Insuring Cannabis podcast focused on science, we learn about toxicology and cannabis. Starting with a sort of toxicology 101 explainer, we get into topics that include the endocannabinoid system, absorption, metabolism, and more with Nadia Moore, a principal toxicologist at consulting firm J.S. Held. Moore has a PhD in toxicology and has been in the field for 25-plus years.
The post EP. 71: The Science of Cannabis and Toxicology appeared first on Insurance Journal TV.
This episode of The Insuring Cyber Podcast features interviews done on site at the 2023 Rims Riskworld conference, where guests shared the biggest takeaways from the event and trends they’re eyeing in cyber risk and tech. Caroline Clouser, executive vice president and north America leader of the healthcare industry practice at Chubb, spoke about what she’s seeing in the healthcare space as the use of tech has ramped up. Later, Paul Bantick, global head of the cyber and tech team at Beazley, shared how he’s seen cyber risks evolve this year and any liability issues that could arise in the future from generative AI. Check it out!
The post EP. 61: AI, Ransomware, Tech Burnout Biggest Takeaways from Rims’ Riskworld appeared first on Insurance Journal TV.
In this episode, Julie & Derence discuss good vs bad native advertising and sponsored research. They also discuss the possible fate of many of the overwhelming number of new AI tools and ponder the potential need to move to a Montana cabin.
The post EP. 11: Good vs bad native ads + AI overload. appeared first on Insurance Journal TV.
Veteran agency consultant and repeat “On Point” guest Tom Doran with Reagan Consulting is on a renewed mission. He wants agency principals to understand the stark reality about their futures. “If we’re not focused on the leadership transition, we’re likely to wake up one day and realize that we don’t have an option to perpetuation internally because we haven’t done the needed things to maintain a healthy operation.” Primarily, agency owners need to develop young talent, he urges. Unlike the marketplace, this is “the one variable you can control. We desperately need to hire and develop young folks. We are asleep at the wheel in succession planning.” Moreover, the plan should be periodically updated, he says. “It’s not a three-ring notebook to put on a shelf.” On this episode, Tom outlines four pillars of a successful perpetuation: healthy operation, willing sellers, able buyers and a good transfer mechanism.
The post “4 Pillars” of Agency Perpetuation appeared first on Insurance Journal TV.
Our last episode focused on identifying opportunities for brokers in a tough market, so this episode we decided to stick with a theme and cover some outtakes from our popular 4/20 webinar: Selling Cannabis Insurance in a Cash-Strapped Environment. Our latest podcast features Matt Johnson, vice president at QuadScore Insurance Services, Stephanie Bozzuto, with Cannabis Connect Insurance Services, and Karl Long, senior director of risk management for Trulieve.
This episode is supported by Cannasure, insurance designed to protect and grow the cannabis industry nationwide. Learn more and get appointed at cannasure.com.
The post EP. 70: Selling Cannabis Insurance in Tougher Times appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, two cybersecurity experts who have experience leading red teams for governments and conducting attack simulations for various companies from medium-sized to Fortune 1000 share the biggest risks they’ve seen within the public and private sector and lessons from their time in the field. Reuven Aronashvili is the founder and CEO of cybersecurity platform CYE, based in Israel, and Gregory Hatcher is founder and CEO of White Knight Labs. Check out the episode to hear what they had to say!
The post EP. 60: Lessons From Inside: Two Cybersecurity Experts Share the Biggest Risks for Companies appeared first on Insurance Journal TV.
Bob Rusbuldt, long-serving CEO of the Big “I,” is retiring in 2023. Starting on The Hill as a lobbyist, Bob later oversaw the development of many initiatives at the national association, including the Trusted Choice consumer brand, a bank for agents called InsurBanc, expanded insurance policies for agents, and more. As for national politics, what’s it like to have lived most of your life in DC? “It’s been a blessing and a curse to have been on the inside,” says Bob. Today, he adds, “I’ve never seen Washington more partisan in my 40+ years in this town. Interestingly, the GOP is more divided on tactics and process, and the Democrats more divided on policy. Republicans agree on most policy issues.” Bob laments that “society has become more dependent on the federal government. It’s more like the European model. There are not very many true-blue independent thinkers left. We’re moving more to socialization — we haven’t seen that since the 1930s with Marxism.”
This episode is supported by PersonalUmbrella.com, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
The post Industry Icon Reflects on DC’s Challenges appeared first on Insurance Journal TV.
Autonomy. Work-life balance. Making a meaningful impact. Filmon Futsum, a senior at East Carolina University, knows that Gen Z is complicated. Still, he’s picked up on common themes when talking career green flags with his peers.
Read more in the article, Gen Z Talks Insurance: 5 Risk Management Students Share What the Next Gen Wants & Why It Matters on insurancejournal.com.
The post Appealing to Gen Z: Filmon Futsum appeared first on Insurance Journal TV.
Gabby Banks wants to be a CEO someday. Opportunities for growth are important to the the East Carolina University graduate student, who encouraged insurers to highlight the diversity of their younger professionals to attract Gen Z talent.
Read more in the article, Gen Z Talks Insurance: 5 Risk Management Students Share What the Next Gen Wants & Why It Matters on insurancejournal.com.
The post Appealing to Gen Z: Gabby Banks appeared first on Insurance Journal TV.
What would Taylor Trafton, a senior at the University of South Carolina, say to convince recent high school graduates that risk management or insurance are a viable career paths? Opportunity abounds.
Read more in the article, Gen Z Talks Insurance: 5 Risk Management Students Share What the Next Gen Wants & Why It Matters on insurancejournal.com.
The post Appealing to Gen Z: Taylor Trafton appeared first on Insurance Journal TV.
In this episode, Julie & Derence discuss the insurance history of a beloved design that you probably use in your texts every day. They also discuss ChatGPT as a learning tool, and petition to rename it because it’s too difficult to say.
The post EP. 10: A Happier Merger appeared first on Insurance Journal TV.
Cannabis tax revenue in Colorado fell nearly $100 million in 2022, while California, Oregon, Nevada, and Washington all saw sales fall as the industry began its first downturn. Conversely, sales were up big time in Michigan, Illinois and Massachusetts. It isn’t just regional differences in the industry. Sales of flower are down, but edibles are enjoying stellar growth. Here’s a nugget of wisdom for some perspective: As it was during the Gold Rush, cannabis businesses can’t survive without goods and services like insurance – ancillary operators just need to look for the opportunities. Our latest podcast features Charles Pyfrom, chief marketing officer at CannGen, and Erich Schutz, vice president of Jencap Specialty Insurance Services.
The post EP. 69: The Green Rush May be Gone but Cannabis Businesses Still need Pickaxes appeared first on Insurance Journal TV.
In The Insuring Cyber Podcast’s first quarterly InsurTech Update of the year, host Elizabeth Blosfield sat down with two InsurTechs that focus on artificial intelligence to discuss how this technology could shape the insurance industry’s future. Tanner Hackett is the CEO of Counterpart, an InsurTech that offers management and professional liability insurance products and services for small businesses. He joined the podcast from the 2023 PLUS Cyber Symposium in New York City. Later, Dan Woods, Socotra’s CEO, spoke with The Insuring Cyber Podcast from Socotra’s Connected PlatForum event ahead of InsurTech NY’s Spring Conference. Socotra is a cloud native core platform for technology driven insurers. Listen to the episode to hear what they had to say about artificial intelligence and the future of the insurance industry!
The post EP. 59: How Insurers Can Harness the Power of AI appeared first on Insurance Journal TV.
In this Insurance Journal podcast sponsored by Collateral Consultants, we speak with owner Kevin Carter about his law enforcement background and what inspired him to start the business of recovering overdue and stolen rental vehicles. He talks about the success Collateral Consultants has experienced in the auto finance industry and why he thinks insurance companies could be benefiting from services as well.
For more information, contact one of Collateral Consultants reps by visiting their website.
The post SPONSORED: Making a Business of Recovering Stolen Cars appeared first on Insurance Journal TV.
Agency owners who hire producers, invest in technology and explore new markets — in other words, pursuing an organic growth plan — will have “the ultimate return,” according to Dave Tralka, CEO of InsurBanc. On this recording we check in again with Dave as he takes the temperature on the marketplace. Agency merger and acquisition activity is expected to slow, Dave says. “Private equity is taking a pause. There are still a lot of active buyers, but some chips have been taken off the table. They’re trying to digest what they bought.” That could be significant, since three out of four agency deals in 2022 had a PE component to them, Dave says. Listen as he outlines a winning agency’s “culture of achievement” that permeates all facets of the firm, including people, process and technology. InsurBanc is “the agent’s bank,” started in the early 2000s with help from the Big “I.”
This episode is supported by PersonalUmbrella.com, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
The post Organic Growth: “The Ultimate Return” appeared first on Insurance Journal TV.
In this episode of iJam, Julie Tinney and Derence Walk discuss the use of tools like ChatGPT, Midjourney, and Canva in marketing. They discuss what jobs may be changed, the reality vs. the hype, and you may find out something new about Vanilla Ice.
The post EP. 9: Marketing & AI: What’s next? appeared first on Insurance Journal TV.
When it comes to talent recruiting and retaining, insurance companies aren’t just competing against themselves. So, as more and more baby boomers retire, how can the industry appeal to the next generation? Insurance Journal’s Allen Laman recently spoke with several university students on the cusp of entering an insurance and risk management careers to find out.
The post Keys for Appealing to Gen Z appeared first on Insurance Journal TV.
Magic mushrooms are a class of drugs in a promising industry referred to broadly as psychedelics, a market that some believe will reach more than $8 billion in the next few years. Like cannabis, they are considered controlled substances. So, they’re federally illegal, but states like Oregon and Colorado are creating regulated markets. There’s enough promise in psychedelics to pique the interest of a few early adopter cannabis insurance specialists. For our latest podcast we spoke with Tyler Cline, a third-generation broker who owns Cannabis Business Insurance and Psyched Insurance, and Jodi Green, an attorney who represents cannabis businesses and executive director of the Women in Psychedelics Network.
The post EP. 68: A Waning Green Rush Led Some Cannabis Insurance Specialists to Dig into Magic Mushrooms appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, Battleface CEO Sasha Gainullin speaks with host Elizabeth Blosfield about the company’s space travel insurance product, underwritten by certain underwriters at Lloyd’s, and what insurers will need to consider about the emerging space tourism market. Battleface is a travel insurance company launched in January 2018 that uses modular underwriting and bespoke technology to build products for customers globally.
The post EP. 58: Insurance That’s Out of This World, Literally appeared first on Insurance Journal TV.
David Letterman stopped reading Top 10 lists on TV in mid-2015, but his AI clone delivered this list of Top 10 Reasons You’re a So-So Insurance Leader.
Still feeling so-so? Join the leaders who are soaring to the top ranks by reading the Carrier Management feature articles they’ve read the most often over the last 10 years.
Get a PDF providing free access to 100 top Carrier Management features—10 for each of the last 10 years—by downloading Carrier Management’s Greatest Hits.
The post CM Top Ten Countdown appeared first on Insurance Journal TV.
Join the leaders who are rising to the top ranks by reading the most popular Carrier Management articles over the last 10 years. To celebrate CarrierManagement’s 10th Anniversary, we’re unlocking these top featured articles from 2013-2022. Check them out.
Get a PDF providing free access to 100 top Carrier Management features—10 for each of the last 10 years—by downloading Carrier Management’s Greatest Hits.
The post Carrier Management’s Top 10 Articles from the Last 10 Years appeared first on Insurance Journal TV.
What would agents and brokers do for a living if customers increasingly buy coverage in different ways? A lot, says Jim Dwane, CEO of insurtech Bolt, a P/C insurance exchange. On this recording, Jim outlines how technology is impacting the industry most in distribution. “Insurance distribution is democratizing,” he says. “The traditional points of sale — call center, agent, website — are now moving to new points of sale, in some cases digitally at that moment.” That means getting car insurance at the time you buy a car; home insurance when you buy or refinance, getting proof of liability coverage at the jobsite, etc. So-called “embedded insurance” means agents will evolve to risk advisors, Jim says. “Technology is making it easier to buy insurance. It also is significantly helping the agent and broker. If you could get the consumer to do 50 to 75% of the up-front work digitally, that reduces the cost basis and brings higher margins, and agents can focus more on the consultative selling process.” Bolt matches buyers and sellers, he says. “We are not disruptors. We are enablers. We enable others to disrupt.”
This episode is supported by PersonalUmbrella.com, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
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The green rush is gone, and the cannabis industry may have taken its final step into becoming a legitimate industry: enduring hard times.
It’s not all uphill though, because while a product glut, falling investor interest, and layoffs doused enthusiasm for cannabis in mature markets, emerging markets continue to thrive. However, on the whole, businesses are eyeing all expenses – including insurance.
Join us Thursday, April 20th at 10am PT / 1pm ET for our cannabis insurance expert panel discussion:
– Sales and selling techniques.
– The ins and outs of cannabis insurance.
– Identifying with traditional cannabis businesses.
– Risk management and adding value.
– Handling sales fatigue.
– What you must know about cannabis.
Click here to register!
The post Coming Soon: Selling Cannabis Insurance in a Cash-Strapped Environment appeared first on Insurance Journal TV.
All the news on cannabis lately has been on the flower glut in long-legal states, legalization efforts, new products coming to market, and the various risks operations face. One topic that doesn’t get any play nowadays is a risk that was much talked about risk when cannabis was still a budding business years ago. Environmental risks – including odors – don’t seem to a high-profile topic in the media. But environmental risks are quite considerable, and one large broker is dedicating a lot of time and energy into addressing those risks for its clients. Our latest episode features Kate Dietrich, a vice president and senior environmental specialist with Lockton.
The post EP. 67: Environmental Risks for Cannabis Operations Lurking Beneath Headlines appeared first on Insurance Journal TV.
Monitaur’s CEO and co-founder, Anthony Habayeb, spoke with Carrier Management’s Elizabeth Blosfield about how he believes artificial intelligence technology can positively transform insurance. He discussed regulatory hurdles in the industry, and how Monitaur is working to transform AI governance and bring more people into the insurance industry.
The post Creating Trust, Visibility in Insurance with AI appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, Allison Odyssey, chief operating officer at space tourism company Zero-G, and Michelle Peters, Zero-G’s director of research and education, talk about how they’re working to further commercial space travel and inspire the next generation of space explorers. They discuss how it feels to experience weightlessness for the first time and why more women should be working in the space industry. They also dig into what insurers should know about covering commercial space travel and some of the cybersecurity considerations regarding space exploration.
The post EP. 57: To the Moon and Back: Space Tourism and Insurance appeared first on Insurance Journal TV.
Each week we highlight some of the latest research and trends on insurancejournal.com.
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Most independent insurance agencies are family owned and operated (and argued over!). Most generate less than $2 million in revenue. Others, like Ansay & Associates, break out to a new level. And for “On Point” listeners, the reason is familiar: culture and brand. Our favorite topic. Listen as principal Mike Ansay walks us through how the firm had grown to 270 employees, 20+ locations around Wisconsin, and $50 million in revenue. “The culture became strategic to our ability to grow,” Mike says, noting the firm hired an exec who leads culture. “Core values are the base. If you don’t have a base to manage your people, you lose alignment. Once you lose alignment, your business is put at risk.” Mike walks us through his core values, and addresses the priority on technology. In fact, the firm is on a journey to resemble more of a tech company that happens to sell insurance.
This episode is supported by PersonalUmbrella.com, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
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Model regulations states can follow similar for their cannabis industries may be just around the corner. Such guidelines are in place for state insurance regulators from the NAIC. Cannabis has CANNRA. The Cannabis Regulators Association is made up of more than three dozen states and territories where adult- or medical-use is legal. The group is eyeing guidance for state regulators and helping companies with compliance. For an intro into the world of CANNRA, we spoke with Gillian Schauer, the group’s executive director, and Tyler Klimas, president of CANNRA and executive director of the Nevada Cannabis Compliance Board.
The post EP.66: Cannabis Regulators Group Mapping Clearer Guidance for States appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, Corvus Insurance CEO Madhu Tadikonda and Tim Francis, vice president and enterprise cyber lead at Travelers, join the podcast to talk about growing cyber risks and whether the insurance industry is keeping pace. They discuss systemic cyber risks and re-visit a question previously explored on this podcast: is a large scale cyber catastrophe becoming a reality? Check it out!
The post EP. 56: As Cyber Risks Grow, Can Insurers Keep Up? appeared first on Insurance Journal TV.
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Lou Moran from Knoxville, TN is a seasoned independent agent who is learning some new tricks. Lou is leading the charge to create Fortified, a new agency alliance comprising 55 firms in seven southeastern states and some $2.6 billion in premium revenue via 35 carriers. “We’re trying to give independent agents a sustainable advantage to maintain independent,” particularly since many of its firms are family-owned, Lou says. “With all the M&A out there, it is scary.” Fortified is working on back-office support as well as coverage enhancements (e.g. benefits and cyber) just for members. Culture leads the day in interviewing potential members, Lou says. “We have learned a lot,” Lou says. “We don’t care how good you are; if you’re not a culture fit for us, you’re not getting in, because we are very collaborative, we share a lot, we help each other. A lot of aggregators are about revenue and market access, and we’re trying to build a true platform that allows us to keep doing what we do, take the back office off our plates, and let our producers sell, which we’re really good at.”
This episode is supported by PersonalUmbrella.com, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
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The best position that promises the most growth and best opportunities from which to launch a budding insuring cannabis career is? Broker? Claims professional? No to both. An informal poll showed that underwriter was the position of choice to grow an insuring cannabis career. To celebrate Insurance Careers Month, we decided to focus a podcast on the best insuring cannabis positions. We spoke with three experts from three firms focused on the space – which are all hiring: Jim McErlean, business development manager at Cannasure, Matt Johnson, with QuadScore Insurance Services, and Jeff Samuels, president of Frontier Risk Group.
The post EP. 65: What is the Best Position to Start an Insuring Cannabis Career? appeared first on Insurance Journal TV.
Happy Insurance Careers Month! In this episode of The Insuring Cyber Podcast, Darren McGraw, president at Mechelson Private Client, and Sylvester Mathis, chief insurance officer at Insurity, share their advice to insurers for recruiting talent and advise new insurance employees on the best ways to build their career. They say that for insurers and insurance professionals alike, the ability to adapt and remain curious in an everchanging industry are important skills. Check it out!
The post EP. 55: In Cyber, Experts Say Employee Curiosity Can Kill the Catastrophe appeared first on Insurance Journal TV.
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Join us Mar 21 at 10am PT / 1pm ET for this 1-hour webinar.
Here’s what we’ll cover:
How the metaverse could work and what insurers have learned so far
What benefits and opportunities the metaverse holds
What risks or challenges could be on the horizon
Where technology is headed in the future
How insurers can keep up with technology’s fast pace
Register today!
The post Free Webinar on Insuring the Metaverse: Immersive Tech and the Future of Coverage appeared first on Insurance Journal TV.
While Super Bowl LVII is ultimately about watching either the Philadelphia Eagles or the Kansas City Chiefs take home the Lombardi trophy, millions of Americans will be eating record numbers of chicken wings and ranking this year’s funniest commercial more than they are keeping score. So whether you show up for game time or half time, check out some fun facts about the big day.
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Verisk CEO Lee Shavel joins “On Point” to explore the role of data and digitization trends in the insurance industry. A top issue: Inflation is driving higher claims costs for insurers, and creating longer-term risk exposures, pricing and reserving challenges as consumers and businesses adapt to higher prices, Lee says. The cost to make and transport products, the cost for construction, and auto and home loss costs and repairs all have spiked. Another source of stress is social inflation driven by litigation and jury awards. It was aggravated by a backlog of cases in courts during Covid, Lee relates. Insurance data reported into Verisk shows growing loss ratios in GL, commercial auto and commercial umbrella, starting in 2015. And, these losses are fed by higher jury awards and defense costs despite a lower claims frequency. Florida is an acute problem, with 79% of property litigation in the nation but only 9% of homeowners claims. In response, insurers should leverage legal analytical tools to prepare for “nuclear verdicts” in the same way they do for natural disasters, Lee says.
This episode is supported by PersonalUmbrella.com, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
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If you ask around about cannabis captives, you won’t find out much. It turns out there are few if any captives for cannabis companies. However, as the industry matures, interest in forming captives is sure to grow, and some brokers have been gearing up to focus on helping cannabis companies set up captives when the time comes. With premiums for several lines of insurance still relatively high, and the industry strapped for spare cash lately, some say the time for cannabis captives is at hand. We spoke with Wes Sierk, managing director at Risk Management Advisors, who is hyper-focused on cannabis captives, for our latest episode.
Follow the Insuring Cannabis Podcast on Apple and never miss an episode!
The post EP. 64: Is the Time at Hand for Cannabis Captives? appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, David Emm, senior security researcher at Kaspersky, discusses the cyber risks of online shopping and how they’ve accelerated since the COVID-19 pandemic and with current inflationary pressures. Later in the episode, James Moore, entrepreneur and co-founder of InsurTech PorchPals, talks about the more tangible risks of online shopping, such as package theft, and how his business offers insurance coverage for this growing challenge. Thanks for listening.
The post EP. 54: Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce appeared first on Insurance Journal TV.
Around 260 million packages disappeared from porches across America last year according to the 2022 Safewise Package Theft Report. They teamed up with Vivint security systems and surveyed 1,000 Americans. Here you will find the top 10 metro cities where porch pirates strike most.
Curious to learn how cyber security can play a role in package theft? Check out episode 64: Insuring Cyber Podcast: Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce.
The post Top 10 Metro Cities Where Porch Pirates Strike Most appeared first on Insurance Journal TV.
In honor of Insurance Careers Month, we compiled some of the advice offered from a few of our agents of the year. Check it out, and then head over to insurancejournal.com to see the full list!
The post 2023 Agents of the Year Offer Advice for Young Agents appeared first on Insurance Journal TV.
Louisiana lawmakers are in an extraordinary special session to tackle the state’s ongoing property insurance crisis. A series of devastating hurricanes in 2020 and 2021 led to the insolvency of eight insurance companies and forced other insurers to stop writing business. Citizens, the insurer of last resort, has taken on tens of thousands of new policies and recently increased rates by 63%. In response, Insurance Commissioner Jim Donelon has proposed an incentive program that will award grants of between $2 million and $10 million to companies who write new premium in the state. Donelon discusses what impacts he thinks the stop-gap program will bring to the property market in this interview with Insurance Journal.
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We caught up with a few claims’ professionals at the 2023 CoreLogic INTRCONNECT conference and asked what’s the biggest obstacle carriers face regarding the claims & restoration process today. Check out what they had to say!
The post Restoration Viewpoint: INTRCONNECT 2023 appeared first on Insurance Journal TV.
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“For the second year in a row the Allianz Risk Barometer shows that companies are most concerned about mounting cyber risks and business interruption,” said AGCS Chief Executive Officer Joachim Mueller. “At the same time, they see inflation, an impending recession and the energy crisis as immediate threats to their business. Companies – in Europe and in the U.S. in particular – worry about the current ‘permacrisis’ resulting from the consequences of the pandemic and the economic and political impact from ongoing war in Ukraine. It’s a stress test for every company’s resilience.”
He added the positive news is that, as an insurer, “we see continuous improvement in this area among many of our clients, particularly around making supply chains more failure-proof, improving business continuity planning and strengthening cyber controls. Taking action to build resilience and de-risk is now front and center for companies, given the events of recent years.”
Read more in the article, Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer on insurancejournal.com.
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When a major P&C insurer wanted to develop their own custom insurance model and access additional data sources, they turned to Digital Matrix Systems. Learn more about their experience. dms.net
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“On Point” likes check in with future insurance leaders. On this installment we hear from Taylor Evans, a communications professional with carrier IAT Insurance Group in North Carolina and recent recipient of the Trailblazer Award from the Insurance Marketing & Communications Association. In 2017, Taylor was new to the industry, leading the charge to pour meaning into the letters “IAT” with “insurance answers together.” That galvanized a decentralized operation of 30 offices, 900 employees and eight vertical markets. “We talk about our culture a lot here at IAT. We know how to describe it now,” Taylor says about the branding process that began first inside the organization. “We had to find our internal voice. We refer to our employees as family — that works for us. Internally, we said our employees are a family of answers.”
This episode is supported by PersonalUmbrella.com, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
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Volatile cannabis flower prices in states with developed cannabis programs will impact insurance buying, while capacity will still be a challenge in 2023. Those are among the forecasts for the year from three subject matter experts. Our latest episode features Roy Bingham, CEO of cannabis data provider BDSA, Jay Virdi, chief sales officer for Hub International’s cannabis specialty practice, and Charles Pyfrom, chief marketing officer at CannGen Insurance Services.
The post EP. 63: Continued Price Volatility in 2023 Will Impact Insurance Pros appeared first on Insurance Journal TV.
From the next wave of InsurTech to diversity and inclusion within the cybersecurity and insurance industries to bias within artificial intelligence technology, The Insuring Cyber Podcast listeners were paying attention to a range of issues last year. Take a trip down memory lane and look back on the top five most popular episodes of 2022. Thanks for listening!
The post InsurTech 3.0, Digital Privacy, Inclusion: The Insuring Cyber Podcast’s Most Popular Episodes of 2022 appeared first on Insurance Journal TV.
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You’ll dig this chat with rising star Bradley Flowers, agency principal, insurtech advisor and host of the popular “Insurance Guys” podcast. He’s an enthusiastic champion of using core values to guide business decisions and employee behavior. Listen as he walks through his firm’s specific values, and you’ll have numerous takeaways from the conversation. Bradley seeks to reverse what he calls “the lack of customer-centricity in the insurance industry.” His agency, Portal Insurance, is “a 21st century version of a traditional independent agency,” he says. “We started with, Hey, how does our target customer want to do business with us? And we reverse-engineered our processes. Most insurance people do the reverse. They say, ‘Here is our process, Mr. Customer.’” Bradley urges agency owners to proactively innovate on their own, not waiting for outside forces or the next crisis.
This episode is supported by PersonalUmbrella.com, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
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A new study by the California Workers’ Compensation Institute shows that after across-the-board declines in California inpatient hospitalizations during the COVID-19 crisis of 2020, the number of inpatient stays paid under Medicare, Medi-Cal, and private coverage began to rebound in 2021.
Find more information in the article, California Workers’ Comp Study Tracks Inpatient Care Utilization Trends on insurancejournal.com.
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What were the most read stories of 2022? Countdown with us as we share the top 10 most visited stories on Carrier Management this year.
Find these stories and more by visiting carriermanagement.com.
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Remote work, Cyber settlements, Elon Musk? Find out which story was the most popular this year as we share the Top 10 National Insurance Journal news stories of 2022.
You can find all of the articles and more by visiting insurancejournal.com.
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Listen in on our annual chat with leading futurologist and strategic thinker David Smith. Once again, he doesn’t disappoint with his perspectives on what to expect. David believes the future holds more, not less, importance for agents and brokers to create relevant, meaningful relationships with clients. Why? The very nature of the insurance industry will evolve to help prevent losses rather than reimburse after the fact, he says. Technology is “an earth-shatteringly different” enabler of this new world. “If you focus on the client in terms of their world, you can help them be more successful, and technology can do the rest. You’ll be increasingly knowledgeable and valuable to the client. Maybe it’s not always about an insurance product, or at least not one we know of today.” Technology too will be inserted in our longer-living bodies, cleaning out our arteries as we go about our lives, he says. You’ll love this episode!
This episode is supported by Personal Umbrella, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
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On this episode of The Insuring Cyber Podcast, host Elizabeth Blosfield speaks with David Emm, principal security researcher at Kaspersky Lab, about cybersecurity concerns resulting from digital devices, such as those used to monitor household pets. This conversation follows a report from Kaspersky, together with the research agency Opeepl, in which a 2018 survey of 7,740 household pet owners from 15 countries gathered data on how modern technologies affect pet and household safety. Elizabeth also speaks on this episode with Carolyn Boris, Chubb’s vice president of personal risk services, about Chubb’s fifth annual study on personal cyber risk, which found half of those surveyed said they’re still including the name of a pet or another identifiable name or date in their password. Carolyn gives her best advice for password safety in light of this trend. Check out what they had to say!
The post EP. 52: What to Know About an Unlikely Vector for Cyber Threats: Household Pets appeared first on Insurance Journal TV.
A cannabis banking bill, lower cannabis taxes in California, better risk management practices, and a stabilization of product pricing, were among the wishes for next year from a … Read More »
The post EP. 62: Banking, Lower Cannabis Taxes in California Among Expert Wishes for 2023 appeared first on Insurance Journal TV.
The theme of Carrier Management’s fourth-quarter magazine, “Travels In Time: The Future of Commercial Underwriting,” introduces content about the use of AI and automation in commercial insurance underwriting. … Read More »
The post Now Available: Carrier Management’s 4th Quarter Issue appeared first on Insurance Journal TV.
Insurance marketers, you’ll love hearing from Fortegra CMO Holly Bohn Pittman. She brought her consumer-marketing chops to this specialty carrier a couple of years ago, and shares thoughts … Read More »
The post “Intrapreneur” Shares Her Insight appeared first on Insurance Journal TV.
In this episode of The Insuring Cyber Podcast, host Elizabeth Blosfield spoke with Vince Vitkowsky, partner at law firm Gfeller Laurie, Peter Halprin, partner at law firm Pasich, … Read More »
The post EP. 51: Could Recent NotPetya Case Outcomes Pressure Insurers to Reword War Exclusions? appeared first on Insurance Journal TV.
The first single from Insurance Journal’s holiday album is available now! Listen to the full song by visiting your favorite streaming platform!
The post Insurance Journal’s Holiday Single: O Property O Casualty! appeared first on Insurance Journal TV.
New York State Insurance Fund stepped right into the cannabis space as the state began passing out licenses in August to fill what would have likely been a … Read More »
The post EP. 61: New York State Insurance Fund Director on Why They Jumped Right into Cannabis appeared first on Insurance Journal TV.
We were impressed by a presentation by American Family’s Brian Jones at the 2022 Insurance Marketing & Communications Association conference. Brian has been involved with diversity, equity and … Read More »
The post “I’d Love to See My Daughters in Insurance” appeared first on Insurance Journal TV.
As cyber attack methods are constantly evolving, guests on this episode of The Insuring Cyber Podcast offered their best advice for how to evolve with them. This all … Read More »
The post EP. 50: Training the Next Generation of Cyber Ninjas with Continuing Education appeared first on Insurance Journal TV.
Jay Virid, Virdi, chief sales officer for Hub International’s cannabis specialty practice, talks about the market, pricing, capacity, and where things are headed. He was part of a … Read More »
The post Hub Insuring Cannabis Chief’s Market Overview appeared first on Insurance Journal TV.
Creating an environment of culture, safety and accountability for cannabis companies, as well as ensuring carriers are happy, are all part of a cannabis insurance professional’s job. That … Read More »
The post Experts Share Visions, Keys to Success in Insuring Cannabis appeared first on Insurance Journal TV.
A group of insurance professionals agreed to field insuring cannabis questions Insurance Journal put out on social media. One of those answers is tackled in this clip from … Read More »
The post Experts Answer Social Media’s Toughest Questions on Cannabis Insurance appeared first on Insurance Journal TV.
A group of experts talked about what 2023 and beyond brings to the insuring cannabis market. Jim McErlean, business development manager at Cannasure, hosted a panel titled Insuring … Read More »
The post 2023 Brings Lawsuits, More Products to Insuring Cannabis appeared first on Insurance Journal TV.
Capacity, reinsurance, new products, and legalization were not surprisingly among the topics a group of carrier executives mulled over during a discussion on cannabis insurance. Keith Distel, associate … Read More »
The post Carrier Executives Discussion Evolution of Insuring Cannabis appeared first on Insurance Journal TV.
Those selling insurance products or reaching out to cannabis businesses with content should keep in mind a few things when dealing with plant-touching businesses like retailers, distributors, and … Read More »
The post Cannabis Content Herald Offers Tips on Marketing to Plant-Touching Businesses appeared first on Insurance Journal TV.
Three experienced cannabis insurance brokers give their “boots on the ground” take on the market and what they expect to happen in the coming year in this clip … Read More »
The post “Boots on the Ground” Perspectives from 3 Insuring Cannabis Brokers appeared first on Insurance Journal TV.
Mara Gordon, co-founder of Aunt Zelda’s, Octopi Wellness, and Zelira Therapeutics, offers her take on the value of cannabis and why the insurance community should embrace and not … Read More »
The post Cannabis 101 Talk on Workers’ Comp and Medical Cannabis appeared first on Insurance Journal TV.
If you didn’t get a chance to view the 2022 Insuring Cannabis Summit, we have extended free access to all of the presentations for an additional week! That’s … Read More »
The post Hurry! Limited Access to The Insuring Cannabis Summit is Ending Soon! appeared first on Insurance Journal TV.
Michael H. Sampson, a partner with Leech Tishman, who co-leads the firm’s cannabis industry group, explains how he goes about convincing his clients that cyber it’s an important … Read More »
The post Cannabis Business Attorney Explains Why Cyber is Important to His Clients appeared first on Insurance Journal TV.
Circle K’s deal with Green Thumb Industries to sell cannabis at Florida gasoline retail locations may be a sign the industry has finally crossed any existing mainstream barriers. … Read More »
The post EP. 60: Cannabis Sales at Circle K Another Sign of Legitimacy, But There Are Risks appeared first on Insurance Journal TV.
Roy Bingham, CEO of cannabis data provider BDSA, described the evolution of the cannabis consumer and the industry as a whole. He was on a panel with Morgan … Read More »
The post Cannabis Market Becoming Legitimately a Mainstream Industry appeared first on Insurance Journal TV.
Chuck Stefanelli, Senior Manager, Insurance, at Amazon Ads shares custom research that explores the consumer path to purchase for insurance products, including auto, home, renters, and life. Learn … Read More »
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This is not your typical “On Point” episode. Veteran podcaster Joey Giangola with RPS and formerly with Agency Nation drops in to interview yours truly about his chosen … Read More »
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At the 2022 Insurtech Connect conference in Las Vegas, Carrier Management caught up with attendees to ask their best advice for those launching a startup. We compiled some … Read More »
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Cybersecurity is becoming more important in an increasingly digital world, and experts agree that good cybersecurity starts with a good education. As the use of technology and tech … Read More »
The post EP. 49: Building the Workforce of Tomorrow with K-12 Cybersecurity Education appeared first on Insurance Journal TV.
There’s been no bigger cannabis news in the last few years than President Biden’s early October announcement that he intends to pardon all prior Federal offenses of simple … Read More »
The post EP. 59: What Biden’s Pot Pardon Means for other Legalization Efforts appeared first on Insurance Journal TV.
Join us live, Tuesday, November 8th at 10am PT / 1pm ET for a Carrier Management’s Strategy Session with Chief Executive Officer at CLARA Analytics, Heather H. Wilson. … Read More »
The post Join Us as We Discuss: What’s Driving Social Inflation? appeared first on Insurance Journal TV.
What can the insurance industry learn from Bermuda, an island of 24 square miles and 60,000 people? A lot, says Argo’s Bill Wharton. He’s a resident expert on … Read More »
The post “Sponsoring” Future Insurance Workers appeared first on Insurance Journal TV.
he first insurance company in the U.S., The Friendly Society, was established in Charleston, South Carolina, in 1735, according to the Insurance Information Institute’s insurance handbook, meaning the … Read More »
The post EP. 48: Learning to Time Travel: Why Insurers Should Embrace Both the Future and the Past appeared first on Insurance Journal TV.
Aerial imagery provided by EagleView shows before and after of the damage caused by Hurricane Ian in September of 2022.
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The lay of the legal land in cannabis today largely involves investor suits, trademark issues, and employment practices litigation. But legal matters arising out of compliance complaints may … Read More »
The post EP. 58: Must-Know Cannabis Lawsuits and Legal Trends for Insurers appeared first on Insurance Journal TV.
We caught up with Claims Professionals at the 2022 InsurTech Connect Conference in Las Vegas and asked them what makes insurTech so important to the Claims Industry. Check … Read More »
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In this episode we stop by to chat with our friend, Rick Morgan, who leads marketing at Work at Home Vintage Experts. WAHVE places qualified, remote insurance talent … Read More »
The post Leaders Challenged to ‘Reinvent’ the Workplace appeared first on Insurance Journal TV.
At the 2022 Insuring Cannabis Summit, top experts appearing in nearly a dozen different panels will cover the ins and outs of insuring cannabis, the loopholes, opportunities, and … Read More »
The post 2022 Insuring Cannabis Summit: Watch On-Demand! appeared first on Insurance Journal TV.
Footage from September 30, 2022, of the destruction caused by Hurricane Ian in San Carlos Island, near Fort Myers Beach, Florida.
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Alex Buschmann, national cannabis practice leader for Risk Strategies, is asking for insuring cannabis questions he can answer at Insurance Journal’s annual Insuring Cannabis Summit on Oct. 26 … Read More »
The post Buschmann Tackling Insuring Cannabis Questions at Summit appeared first on Insurance Journal TV.
Jason Scheurle, national product lead of cannabis for Burns & Wilcox, will have the answers to any insuring cannabis questions at Insurance Journal’s annual Insuring Cannabis Summit on … Read More »
The post Scheurle Seeking Insuring Cannabis Questions Ahead of Summit appeared first on Insurance Journal TV.
Carson Post, senior vice president of underwriting at QuadScore, wants to hear your insuring cannabis questions. He’ll answer them at Insurance Journal’s annual Insuring Cannabis Summit on Oct. … Read More »
The post Post Fielding Any Insuring Cannabis Questions appeared first on Insurance Journal TV.
Beth Zielazny Medvedev, division manager of life sciences at James River Insurance Co., is set to tackle any and all insuring cannabis questions during Insurance Journal’s annual Insuring … Read More »
The post Got Insuring Cannabis Questions? Medvedev Has Answers appeared first on Insurance Journal TV.
Stephanie Bozzzuto, cofounder of Cannabis Connect Insurance, is ready to answer some of the toughest insuring cannabis questions at Insurance Journal’s annual Insuring Cannabis Summit on Oct. 26 … Read More »
The post Bozzzuto Answering Toughest Insuring Cannabis Questions appeared first on Insurance Journal TV.
Atlantic Hurricane Season, which runs from June 1 through November 30, had a slow start this year but has begun ramping up as Hurricane Fiona made its way … Read More »
The post EP. 47: How to Avoid Being a ‘Sitting Duck’ During a Disaster-Related Ransomware Attack appeared first on Insurance Journal TV.
“Cannabis needs one thing right now, and that’s profitability.” That may sound like a strange statement about an industry on a growth tear, but the kind of profitability … Read More »
The post EP. 57: Culture and Discipline Are Cannabis’ Next Steps to Profit Through Risk Management appeared first on Insurance Journal TV.
Join us Tuesday, October 11th at 10am PT / 1pm ET for this Strategy Sessions Webinar as Troy discusses his approach to ESG, the importance he sees in … Read More »
The post Upcoming Webinar! Taking Action: How Insurers Can Lead by Example with ESG appeared first on Insurance Journal TV.
We continue our insurtech exploration with a lively interview with Joe D’Souza, founder of ProNavigator, which provides independent agents, MGAs and carriers a cloud-based knowledge management platform called … Read More »
The post Google for Insurance appeared first on Insurance Journal TV.
The root level is the highest permission level of access to a computer system, and most cybersecurity professionals work hard to ensure criminals don’t gain root access to … Read More »
The post EP. 46: Deeper Roots: How the Latino Community Is Strengthening the Cyber Insurance Workforce appeared first on Insurance Journal TV.
Cannabis tourism, or more colloquially, “cannatourism,” is a billion-dollar and counting industry. That industry includes extravagant winery style getaways, cannabis events, and lounges. It’s an industry with promise, … Read More »
The post EP. 56: Growing Cannatourism Brings Extravagance, Novelty and New Risks appeared first on Insurance Journal TV.
Tune into this episode to learn about insurtech Zendrive and making roads safer using data and analytics. Exec Dennis Ellis started his career leading a nonprofit that works … Read More »
The post Can We Reshape Driver Behavior? appeared first on Insurance Journal TV.
When people think of cyber attacks, they might think of things like phishing, ransomware or data theft. But increasingly, something called cyber-physical attacks are making their way into … Read More »
The post EP. 45: Beyond Zeros and Ones: When Cyber Attacks Become Physical appeared first on Insurance Journal TV.
We hope you’ll join us in October as Insurance Journal Presents Insuring Cannabis Summit 2022! This year, we will be hosting panels and discussions on two days, October … Read More »
The post Coming in October! Insuring Cannabis Summit 2022 appeared first on Insurance Journal TV.
Many of our listeners may be insurance brokers, carrier executives, claims managers, lawyers, or risk managers, so cannabis stock investing may not make their list of top concerns … Read More »
The post EP. 55: Cannabis Investing Pro Explains Confusing Market, Offers Tips appeared first on Insurance Journal TV.
Visiting with agency tech executive Joyce Sigler is akin to a yoga session with a mensch and a sherpa. She will stretch your mind, provide sound advice, and … Read More »
The post Change Is Your Friend appeared first on Insurance Journal TV.
The digital threat landscape of the COVID-19 pandemic is teaching insurers and other companies some valuable lessons about digital privacy in the wake of the U.S. Supreme Court’s … Read More »
The post EP. 44: What the COVID-19 Digital Threat Landscape is Teaching Insurers Post-Roe appeared first on Insurance Journal TV.
Inflation and a superheated job market may be the nation’s prevailing economic concerns, but a big concern in cannabis today is a product glut in long-legal states, where … Read More »
The post EP. 54: Economic Headwinds, Glut May Not Spare Booming Cannabis Insurance Business appeared first on Insurance Journal TV.
EP. 10: Strategy Sessions Webinar – Navigating Flood Risk When the Risk is Becoming Unpredictable The 2022 Atlantic hurricane season is underway, and The National Oceanic and Atmospheric … Read More »
The post Free Webinar: Navigating Flood Risk When the Risk is Becoming Unpredictable appeared first on Insurance Journal TV.
If you’re like me, you don’t really dig most TV ads selling car and home insurance. And if you’re like me, one exception is the Progressive campaign featuring … Read More »
The post Behind the Scenes with ‘Life Coach Rick’ appeared first on Insurance Journal TV.
The Top 100 list is ranked by total property/casualty agency revenue for 2021 and comprises only those agencies whose business is primarily retail, not wholesale. This year’s Top … Read More »
The post Now Available! 2022 Insurance Journal Top 100 Independent P/C Agencies Report appeared first on Insurance Journal TV.
The U.S. Supreme Court’s June overturning of the 1973 Roe v. Wade decision protecting women’s constitutional right to an abortion has brought with it reports of growing digital … Read More »
The post EP. 43: How Should Insurers Be Thinking About Digital Privacy Post-Roe v. Wade? appeared first on Insurance Journal TV.
Strategy Sessions – A Lunch Hour Look at Critical Topics with Industry Movers and Shakers EP. 9: Strategy Sessions Webinar – What Insurers Should Know About Navigating … Read More »
The post Register Now! What Insurers Should Know About Navigating a Tricky Inflationary Landscape appeared first on Insurance Journal TV.
Since cannabis insurance became a thing, directors & officers insurance has been pricey and tough to obtain for cannabis companies. D&O is difficult in most business sectors (See … Read More »
The post EP. 53: Why Most Small-to Mid-Size Cannabis Operators Shun D&O appeared first on Insurance Journal TV.
It’s always great to catch up with insurance tech guru Steve Anderson. He dishes out some tough love to agency owners on this recording. In implementing new tech … Read More »
The post Helping Agents Over the Tech Hurdle appeared first on Insurance Journal TV.
There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just … Read More »
The post EP. 42: Inside Out: How Exit Crime, Insider Threats Are Creating Challenges for Insurers appeared first on Insurance Journal TV.
According to S&P Global, by the third quarter of FY21 industry loss ratios were at nearly 90%. Together, Arturo’s Chief Strategy Officer Neil Pearson and LexisNexis Director of … Read More »
The post SPONSORED: The Renewal Solution: Addressing Poor Loss Ratios with Property Intelligence appeared first on Insurance Journal TV.
Do we really need to listen to another On Point episode with Dennis Moseley-Williams? Yes, we do. In fact, hear the other three recordings to prepare for this … Read More »
The post Nobody Cares About Your Business Card appeared first on Insurance Journal TV.
Carrier Management’s Strategy Sessions is a lunch Hour webinar series Looking at Critical Topics with industry movers and shakers! Each month we sit down with a special guest … Read More »
The post Watch Carrier Management’s Strategy Sessions Webinar Series! appeared first on Insurance Journal TV.
Although reports indicate ransomware activity has been quieter than usual to start the year, experts say that likely won’t last for long. “What we see is there’s an … Read More »
The post EP. 41: Is Ransomware at a Turning Point? appeared first on Insurance Journal TV.
During the worst of the pandemic, in late 2020, independent agency owner Spencer Houldin joined “On Point” to relay how his staff pivoted to working remote. “We had … Read More »
The post 100% Committed to Remote Work appeared first on Insurance Journal TV.
A lot has changed in the world of automation since Apple first launched its virtual assistant, Siri, on October 4, 2011. It’s a date that musician, actress, and … Read More »
The post EP. 40: Hey Siri, What’s Next for AI and Robotics in Insurance? appeared first on Insurance Journal TV.
Some more capacity has finally arrived with increasing interest in insuring cannabis, and cannabis insurance is well on its way to going national. Those are among the take … Read More »
The post EP. 50: Next Steps for Insuring Cannabis: More Capacity, Truly National Marketplace appeared first on Insurance Journal TV.
Many insurers had to quickly embrace technology and adapt to new ways of doing business during the pandemic, but how much of that will be retained as pandemic … Read More »
The post EP. 8: Strategy Sessions Webinar: How Artificial Intelligence is Transforming the Insurance Industry appeared first on Insurance Journal TV.
Wow! Has the business world evolved in the last two years, or what? Here’s just the guy to help you reconsider how to lead teams today. Warren Wright, … Read More »
The post How Do You Lead Remote Workers? appeared first on Insurance Journal TV.
In this episode of the IJA Aftershow, George and Patrick talk about the most recent class, Commercial Property Master Class – COPE – (Protection & Exposure). Not yet … Read More »
The post IJA Aftershow: Patrick Wraight appeared first on Insurance Journal TV.
Experts say there’s been a resurgence of interest in cryptocurrency during the pandemic, and along with it, growing demand for insurance in the space. “I think with the … Read More »
The post EP. 39: Crypto Renaissance? Experts Say Renewed Interest in Digital Tokens is Sparking Insurance Conversations appeared first on Insurance Journal TV.
Insuring cannabis testing labs is a niche market – for now. Market Data Centre in mid-May reported the global cannabis testing services market is projected to expand at … Read More »
The post EP. 49: Insuring Testing Labs a Niche, but Complex and Growing Specialty appeared first on Insurance Journal TV.
Join Insurance Journal’s Don Jergler on Thursday, July 14, 2022 at 10am PT / 1pm ET for this one-hour webinar! He and his panelists will be discussing climate … Read More »
The post Free Webinar: Around the World: Insurance, Climate Change, Disclosures, and Risk appeared first on Insurance Journal TV.
A specific type of cyber threat has made its way to the front of the conversation in the wake of the Russia-Ukraine conflict, and experts say it could … Read More »
The post EP. 38: What to Know About Hacktivism and Its Role in Global Conflict appeared first on Insurance Journal TV.
Demetrius Gray, CEO and founder of Captain, a fintech that advances capital to building contractors and helps homeowners recover quickly after natural disasters, didn’t have a lot to … Read More »
The post The Ups and Downs of a Startup Tech Company appeared first on Insurance Journal TV.
Why do residential property claims drag on for months, leaving homeowners waiting for needed repairs? One reason: contractors don’t have incentives to move repairs forward quickly. And often, … Read More »
The post Captain: Aligning Incentives to Get Weather Damage Repaired Faster appeared first on Insurance Journal TV.
Several insurance professionals who specialize in cannabis are getting more calls about insuring cannabis lounges. The trend appears to reflect an interest seen in headlines across news outlets … Read More »
The post EP. 48: Growing Cannabis Lounge Buzz Across U.S. Cities Calling to Insurers appeared first on Insurance Journal TV.
As the InsurTech industry approaches the next wave of innovation, experts say this could mean navigating rough waters. “I believe what you’re going to see is that you’re … Read More »
The post EP. 37: Riding the Wave of InsurTech 3.0: What It Takes to Not Just Survive, But Thrive appeared first on Insurance Journal TV.
You are listening to “The Insurance Network” – a podcast series focused on the success of independent insurance agents! In each episode, we’ll be featuring leaders and exploring … Read More »
The post EP. 8: Why Agents Need to Know Their Specialized Financing Options and How Best to Leverage Them for Growth appeared first on Insurance Journal TV.
The cannabis business is big bucks. Global cannabis sales for 2022 will reach just over $35 billion, and will almost double that in the next few years – … Read More »
The post EP. 47: Cannabis Data Chief on Industry Growth, Opportunities appeared first on Insurance Journal TV.
Join our host, Carrier Management deputy Editor Elizabeth Blosfield along with all of our great speakers at the InsurTech Summit 2022! We’ll be streaming live both days covering … Read More »
The post Don’t Miss the InsurTech Summit 2022 May 10th & 11th! appeared first on Insurance Journal TV.
What’s the meaning of all that customer data in your agency technology system? It just sits there, right? No! We should turn that data into knowledge and wisdom. … Read More »
The post Agency Data is Money! appeared first on Insurance Journal TV.
It’s often said that cyber risks are constantly evolving, so to keep up, cybersecurity technology has to change with it. Lou Steinberg, founder and managing partner of CTM … Read More »
The post EP. 36: Lions Versus Gazelles: The Evolution of the Web and Its Risks, Opportunities appeared first on Insurance Journal TV.
Directors and officers is a tough line of business, no matter what industry is footing the bill for often pricey and difficult to obtain policies. And if the … Read More »
The post EP. 46: You’ve Heard it Before, So Here it is Again: D&O is a Tough Pill for Cannabis appeared first on Insurance Journal TV.
Would you hire a bright talent without having a specific job opening for them? Errica Rivera was on the receiving end of that offer years ago by a … Read More »
The post People First. Titles Second appeared first on Insurance Journal TV.
You are listening to “The Insurance Network” – a podcast series focused on the success of independent insurance agents! In each episode, we’ll be featuring leaders and exploring … Read More »
The post EP. 7: Why Insurance Networks Exist and How They Can Help Your Agency – An Executive Roundtable appeared first on Insurance Journal TV.
Music may not be the first thing that comes to mind when considering the cybersecurity and insurance industries, but these industries could have more in common than it … Read More »
The post EP. 35: Creating Harmony: What Cyber, Insurance Pros Can Learn from Music appeared first on Insurance Journal TV.
The insurance industry simply must do a better job of understanding, articulating, underwriting and minimizing cyber threats to its own operations and those of the businesses it insures. … Read More »
The post Wanted: Cyber Clarity appeared first on Insurance Journal TV.
Environmental, social and governance is a big part of the world nowadays, and the concept of being environmentally friendly and socially conscious in the corporate cannabis world is … Read More »
The post EP. 45: Not Being All You Can Be When Being ESG a Bad Risk for Cannabis Companies appeared first on Insurance Journal TV.
Ransomware criminals are adding even more tools to their toolboxes, and companies are finding it harder to stay on top of the trends, according to guests on the … Read More »
The post EP. 34: Triple Threat: Ransomware Criminals Add Data Theft, Manipulation to Encryption Tactics appeared first on Insurance Journal TV.
Check out another group of industry professionals tackling the 2022 theme: Towards a Safer, Smarter, Better World. Visit the InsurTech Summit today and look forward to learning about … Read More »
The post The InsurTech Summit 2022 – Now On Demand! appeared first on Insurance Journal TV.
In this second of a two-part series on the financial health of independent agents and brokers, Dave Tralka, president and CEO of InsurBanc, walks us through the M&A … Read More »
The post Agency Owners Have Sale Options appeared first on Insurance Journal TV.
If Congress ever gets around to legalizing cannabis, the process of revoking federal prohibition may not be so clear-cut. Legalizing it could unleash the power of a somewhat … Read More »
The post EP. 44: Legal Expert Warning Obscure Law Could Cause Problems if Cannabis is Legalized appeared first on Insurance Journal TV.
Since Russia launched a full-scale military invasion of Ukraine on February 24, questions have resurfaced about the likelihood of a global cyber war. While experts say there isn’t … Read More »
The post EP. 33: War in Ukraine Renews Questions Around Likelihood, Insurability of Cyber War appeared first on Insurance Journal TV.
In this first of a two-parter on the financial health of independent agents and brokers, Tom Doran tees up some great news. Tom is a partner with Reagan … Read More »
The post Agents & Brokers Are Killing It appeared first on Insurance Journal TV.
Are most of the insurance brokers who work in cannabis merely dabblers – their only client being a cousin who owns a mom-n-pop dispensary in downtown? Or do … Read More »
The post EP.43: Who are the Insuring Cannabis Brokers? appeared first on Insurance Journal TV.
As cyber threats have continued to grow, one segment of the market that has been especially impacted is education, according to guests on the most recent episode of … Read More »
The post EP. 32: Education Providers Face Challenges With Growth in Cyber Threats, Insurance Costs appeared first on Insurance Journal TV.
Watch on demand! Strategy Sessions – A Lunch Hour Look at Critical Topics with Industry Movers and Shakers Episode 6: It’s Crunch Time: Insurers Feel the Effects of … Read More »
The post EP. 6 Strategy Sessions Webinar is On Demand! appeared first on Insurance Journal TV.
On Demand Now: Attaining Compliance in the Cannabis Universe Compliance in the cannabis industry is fraught with risk across areas like licensing, equipment, testing, distribution, and retail sales … Read More »
The post On Demand Webinar: Attaining Compliance in the Cannabis Universe appeared first on Insurance Journal TV.
February is Insurance Career Month and Insurance journal wanted to celebrate by asking professionals for some thoughts and advice about this incredible industry! Watch as they share how … Read More »
The post Celebrating Insurance Career Month! appeared first on Insurance Journal TV.
February is Insurance Careers Month. So let’s have an inside peek at how Selective is handling the talent challenge. On this episode, the carrier’s IT lead, John Bresney, … Read More »
The post Fight Talent War with Cross-Pollination appeared first on Insurance Journal TV.
Everyone knows about supply chain management nowadays thanks to the pandemic, with shelves bare of TP and paper towels, and cargo ships backed up at ports. Cannabis, of … Read More »
The post EP. 42: Cannabis Supply Chain Risks Worth Tripping Over appeared first on Insurance Journal TV.
The cybersecurity and insurance industries have been talking about prioritizing diversity, equity and inclusion for a while, but Larry Whiteside, co-founder and president of Cyversity, says conversations aren’t … Read More »
The post EP. 31: More Than a Conversation: Cyber, Insurance Pros Say Building Diversity Means Taking Action appeared first on Insurance Journal TV.
You are listening to “The Insurance Network” – a podcast series focused on the success of independent insurance agents! In each episode, we’ll be featuring leaders and exploring … Read More »
The post EP. 5: What Agents and Carriers can do to Create a Vibrant Independent Agency System that is Prepared for the Future appeared first on Insurance Journal TV.
Everyone needs some fresh human communication advice, and Brian Ahearn is our guy for the job. On this enlightening recording, Brian dives into the power of “pre-suasion,” influence … Read More »
The post Raise Your Emotional IQ appeared first on Insurance Journal TV.
New Frontier Data, a producer of cannabis research and intelligence, released its “22 for 22 Report,” in January, which imparts a definitive air of optimism mixed with few … Read More »
The post EP. 41: More M&As, Cannabis ‘Frappucinos’ on Tap for 2022 appeared first on Insurance Journal TV.
Much uncertainty exists around catastrophic cyber threats, and for an industry so focused on analyzing risk, that’s a big challenge, experts say. Some of the recent cyber … Read More »
The post EP. 30: Insurers Grapple With Uncertainty Around Catastrophic Cyber Risk appeared first on Insurance Journal TV.
Check out the latest whitepapers and webinars covering all the topics and trends that matter! Find these and other reports affecting the P/C insurance industry by visiting the … Read More »
The post What’s New in Research & Trends! appeared first on Insurance Journal TV.
You are listening to “The Insurance Network” – a podcast series focused on the success of independent insurance agents! In each episode, we’ll be featuring leaders and exploring … Read More »
The post EP. 4: How Independent Agents can be More Successful Working with Top-Tier Carriers appeared first on Insurance Journal TV.
It’s time for insurance organizations to get creative with hiring and keeping talent, according to our resident HR expert Claudia St. John, who consults with the Big ‘I’ … Read More »
The post “Butts in the Seats” Not a Good Work Model appeared first on Insurance Journal TV.
Watch on demand! Raising the Bar on Cybersecurity How cyber insurers are adapting when the stakes are higher than ever. This year is turning out to be a … Read More »
The post On Demand Webinar: Raising the Bar on Cybersecurity appeared first on Insurance Journal TV.
Employment practices liability is tough across pretty much all industries. As cannabis industry employment grows, EPL is becoming a serious consideration. The industry has all the regular employment … Read More »
The post EP. 40: EPL Challenges for Cannabis Include High Turnover appeared first on Insurance Journal TV.
The looming threat of increased supply chain and critical infrastructure attacks is causing both cyber experts and cyber insurers to lose sleep already in 2022, according to guests … Read More »
The post EP. 29: New Year’s Resolution? Experts Say For Cyber Criminals, It’s More Widespread Attacks appeared first on Insurance Journal TV.
It’s refreshing to hear about the future of insurance industry diversity, equity and inclusion from Dianne Greene, who was born in the South American country of Guyana, raised … Read More »
The post Business Initiatives: Meet Diversity appeared first on Insurance Journal TV.
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Challenging a professional futurist is like taking on a professional weather forecaster. Who knows who will be correct, by how much, and when? Nevertheless, we sought to find … Read More »
The post Bantering with a Futurist appeared first on Insurance Journal TV.
Carrier Management Presents: Strategy Sessions – A Lunch Hour Look at Critical Topics With Industry Movers and Shakers Episode 5 – 2022: The Year to Come A new … Read More »
The post EP.5 Strategy Sessions – 2022: The Year to Come appeared first on Insurance Journal TV.
A survey of 200-plus cannabis insurance-focused professionals at one of the largest brokers in the nation combined with other data forecasts an even tougher market for cannabis business … Read More »
The post EP. 39: Expert Says Cannabis Insurance Rates for Cyber, EPL, Property to Rise in 2022 appeared first on Insurance Journal TV.
Keep up to date on the fast-growing and constantly changing cyber market! The cyber newsletter provides up-to-date information and links to check out our popular bi-monthly Insuring Cyber … Read More »
The post Sign up for the Insuring Cyber Newsletter! appeared first on Insurance Journal TV.
The Insuring Cannabis Podcast is a bimonthly series exploring the business of insuring cannabis with some of the industries most influential players. Be more successful, more informed, and … Read More »
The post For Insuring Cannabis Professionals! appeared first on Insurance Journal TV.
An independent, national newsletter for people who are shaping the new world of workers’ compensation. If you are a risk manager or workers’ comp professional, you need this … Read More »
The post Sign Up for Insurance Journal’s Workers’ Comp Newsletter! appeared first on Insurance Journal TV.
Sure, lots of former football players are selling life insurance. But how many have launched a P/C insurtech? This recording features Adam Kiefer, CEO of Talage, a platform … Read More »
The post Insurtech Talage Takes on APIs appeared first on Insurance Journal TV.
There’s an alphabet soup of rare and minor cannabinoids – CBN, CBG, THCV, Delta-8 THC, CBC – that are kind of the lesser-known cousins of CBD and THC. … Read More »
The post EP.38: There’s Opportunity, but Also Risk in Rare and Minor Cannabinoids appeared first on Insurance Journal TV.
The year is coming to an end and cyber insurers as well as their clients may be reflecting on lessons learned from this year’s biggest threats. However, Kurt … Read More »
The post EP. 28: Looking in the Rearview Mirror: Cyber Lessons Learned from 2021 appeared first on Insurance Journal TV.
As the insurance industry reels from ransomware, cyber MGA At-Bay has helped insureds stay secure through a combination of technical underwriting and active risk monitoring. The result is … Read More »
The post SPONSORED: At-Bay’s Rotem Iram on Staying Ahead of the Hackers as a Cyber MGA appeared first on Insurance Journal TV.
The variety of participants taking part in Carrier Management’s Roundtable on Geospatial Information Systems—including an analyst, a commercial insurance pricing specialist, a scientist, an MGA and a reinsurer—illustrate … Read More »
The post Seeing Through Clouds: CM Roundtable Highlights appeared first on Insurance Journal TV.
Once and done. Insurers that train AI models on aerial imagery delivered by the manned planes flying over the U.S. for the Geospatial Insurance Consortium, can use the … Read More »
The post A Top-Down View of Insurance Risk: Unlocking the Benefits of Geospatial Technology appeared first on Insurance Journal TV.
Ryan Bank, managing director of the Geospatial Insurance Consortium, explains how insurers share the cost—and the benefits—of the largest high-resolution aerial imagery program in the world. Here, he tells CB Insights Analyst Mike Fitzgerald just how extraordinary that is—only Bill Gates could pay for something similar—and explains why the program uses manned planes rather than satellites to give insurers and reinsurers “drone-level views” of insured properties “at continental scale” in blue skies and gray.
Fitzgerald is the guest editor of a special feature of Carrier Management focused on Geospatial Information Systems, which includes a series of articles in the fourth-quarter magazine and a video Roundtable, “Seeing Through The Clouds: Satellites In Insurance.”
The post The World’s Largest Aerial Imagery Program—Managed By Insurers appeared first on Insurance Journal TV.
After introducing the topic of Geospatial Information Systems with a view of satellites in space, CB Insights Analyst Mike Fitzgerald takes the subject down to Earth, explaining the potential for information from satellites and aerial imagery to change insurer business models. Starting with an actual use case in which specialty marine insurers tracked supply chain disruptions that occurred when the Ever Given ran aground, Fitzgerald discusses future applications for standard property/casualty insurers, including commercial underwriting based on parking lot images from drones and fixed wing aircraft.
Fitzgerald is the guest editor of a special feature of Carrier Management focused on Geospatial Information Systems, which includes a series of articles in the fourth-quarter magazine and a video Roundtable, “Seeing Through the Clouds: Satellites in Insurance.”
The post On the Ground: How Insurers Can Use Geospatial Information Systems appeared first on Insurance Journal TV.
Carrier Management Guest Editor and CB Insights Analyst Mike Fitzgerald hosted a roundtable bringing together participants in the world of geospatial information systems, seeking to understand reasons behind the increased interest in applying imagery data to existing and emerging insurance problems. During the roundtable, representatives of a commercial insurer, a global reinsurer, a flood mapping specialist and an MGA creating specialty parametric insurance products describe a confluence of technology developments that are making satellite imagery more accessible to insurers of all sizes, environmental concerns that are fueling demand, as well as some remaining obstacles to broad-based acceptance by insurance underwriters.
Panelists are:
• Giacomo Favaron, Senior Specialist, Insurance Pricing, AXA XL
• James Rendell, Chief Executive Officer, BirdsEyeView Technologies Ltd.
• Pranav Pasricha, Global Head P&C Solutions, Swiss Re
• Bessie Schwarz, CEO and Co-Founder, Cloud to Street
Moderated by:
Mike Fitzgerald, Principal Analyst, Insurance, CB Insights
The post Seeing Through the Clouds: Satellites in Insurance appeared first on Insurance Journal TV.
When Pranav Pasricha, Global Head P&C Solutions for Swiss Re, visits the reinsurer’s teams in Zurich, he gets the sense that the company has hired just about “every class, every year of all the PhDs in remote sensing” coming out of UZH, one of the top universities in the world. But human capital isn’t the only ingredient carriers and reinsurers need to successfully apply information from satellite technology, or Geospatial Information Systems broadly, to change business models in all parts of the insurance industry value chain. It starts with a mindset and with investments in industry partnerships.
Bessie Schwarz, CEO of Cloud to Street, and Giacomo Favaron, a pricing specialist for AXA XL, weighed in with similar views during Carrier Management’s recent roundtable event, “Seeing Through the Clouds: Satellites in Insurance.”
CM Guest Editor and Moderator: Mike Fitzgerald, Principal Analyst, Insurance, CB Insights
Related articles: “Seeing Through Clouds: Why Now Is the Time for Geospatial Technology in Insurance” and “ITC Reporter’s Notebook: How Next, Root and Swiss Re Are ‘Adapting’ and Innovating”
Full Roundtable video: “Seeing Through the Clouds: Satellites in Insurance”
The post Keys to Insurer Success in GIS: Talent, Innovation Mindsets and More appeared first on Insurance Journal TV.
Technology developments are making satellite imagery more accessible to insurers of all sizes, and broader environmental concerns are fueling demand for geospatial information, Bessie Schwarz, CEO of Cloud to Street, said during Carrier Management’s recent roundtable event, “Seeing Through the Clouds: Satellites in Insurance.” Supporting her view were Swiss Re’s Pranav Pasricha and Giacomo Favaron, an insurance pricing specialist for AXA XL, who also responded to a simple question from Panel Moderator Mike Fitzgerald: Why Now?
CM Guest Editor and Moderator: Mike Fitzgerald, Principal Analyst, Insurance, CB Insights
Related article: “Seeing Through Clouds: Why Now Is the Time for Geospatial Technology in Insurance”
Full Roundtable video: “Seeing Through the Clouds: Satellites in Insurance”
The post Why Now Is the Time for Geospatial Technology in Insurance appeared first on Insurance Journal TV.
The potential for using satellite data in insurance goes well beyond assessing property damage after natural catastrophes, said panelists speaking at Carrier Management’s recent roundtable event, “Seeing Through the Clouds: Satellites in Insurance.” James Rendell, CEO of BirdsEyeView Technologies Ltd., Bessie Schwarz, CEO of Cloud to Street, and Giacomo Favaron, a pricing specialist for AXA XL, described applications in flood risk modeling, business interruption insurance and environmental insurance in answer to a question from CM Guest Editor and CB Insights Analyst Mike Fitzgerald.
London-based MGA BirdsEyeView takes developments occurring in the Earth observation sector and deploys those into the insurance market by structuring new parametric insurance solutions for climate change risks, specifically targeting customers in the small and midsize enterprise sector. Examples include a weather risk product for farmers and event covers for construction project stoppages.
Cloud to Street is a team of scientists who harness the power of satellites for flood mapping.
CM Guest Editor and Moderator: Mike Fitzgerald, Principal Analyst, Insurance, CB Insights
Related article: “Seeing Through Clouds: Why Now Is the Time for Geospatial Technology in Insurance”
Full Roundtable video: “Seeing Through the Clouds: Satellites in Insurance”
The post On the Horizon: From Flood to Business Interruption appeared first on Insurance Journal TV.
Rick McCathron, president of Hippo Insurance, loves the insurance industry, having grown up in a family agency and spending more years at Mercury Insurance. Here’s an insider’s look at a mature insurtech (hello, $5 billion SPAC move) in the homeowners and condo insurance markets. Hippo’s competitive angle is to show consumers how to prevent losses in the first place. AI and big data play a role in underwriting. On this podcast the acronym “hippo” is spelled out, literally. As Rick explains, it “was a creative name that our cofounder’s family came up with and people would recognize. If a five-year-old can remember something, then it truly is memorable. State Farm, Farmers, Allstate — I say what’s the difference? It’s just the quarterback who’s advertising for them — that’s all they remember.” Rick might set an “On Point” record for enthusiasm as well as the number of words packed into a single recording! You’ll enjoy this chat.
This episode is supported by Personal Umbrella, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
The post Hippo Has Some Legs appeared first on Insurance Journal TV.
CB Insights Analyst Mike Fitzgerald shares a visual “wow” moment as he describes a mesmerizing video from AGI, a provider of simulation, modeling and analysis software for aerospace, defense and intelligence applications. Satellite launch applications are represented by dots around the globe, and the dots nearly obliterate the Earth’s landscape in 2026, Fitzgerald notes. The explosion of satellites paves the way for delivering vast amounts of geospatial information to improve carrier insights for underwriting, claims handling, catastrophe modeling and more.
Fitzgerald is the guest editor of a special feature of Carrier Management focused on Geospatial Information Systems, which includes a series of articles in the fourth-quarter magazine and a video Roundtable, “Seeing Through the Clouds: Satellites in Insurance.”
The post Eyes In the Sky and Beyond appeared first on Insurance Journal TV.
Giacomo Favaron, Senior Specialist, Insurance Pricing, AXA XL, paints a picture of how far satellite technology has come in just the time when he developed a prediction model for urban sprawl as a university researcher in the early 2000s. Back then, state-of-the-art satellite instrumentation supplied data from the visible RGB spectrum—“what the human eye can see.” Now, satellite constellations supply information from 21 spectral bands at different resolutions, and microwave radiometers see through clouds, he told CB Insights Analyst Mike Fitzgerald during Carrier Management’s recent roundtable event, “Seeing Through the Clouds: Satellites in Insurance.”
CM Guest Editor and Moderator: Mike Fitzgerald, Principal Analyst, Insurance, CB Insights
Related article: “Seeing Through Clouds: Why Now Is the Time for Geospatial Technology in Insurance”
Full Roundtable video: “Seeing Through the Clouds: Satellites in Insurance”
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During Carrier Management’s recent roundtable event, “Seeing Through the Clouds: Satellites in Insurance,” AXA XL’s Giacomo Favaron described the power of satellite instrumentation to provide high-resolution images and increasing volumes of data to insurers. But that’s not enough for insurers using the data, noted James Rendell, Chief Executive Officer, BirdsEyeView Technologies Ltd., and Bessie Schwarz, CEO and Co-Founder, Cloud to Street. Users really need answers in ready-to-use formats like CSV files or direct integrations into underwriting technology they’re already using.
CM Guest Editor and Moderator: Mike Fitzgerald, Principal Analyst, Insurance, CB Insights
Related article: “Seeing Through Clouds: Why Now Is the Time for Geospatial Technology in Insurance”
Full Roundtable video: “Seeing Through the Clouds: Satellites in Insurance”
The post Planetary Scale vs. an Excel Spreadsheet: What Carriers Want From GIS Providers appeared first on Insurance Journal TV.
People, products, relationships, and clients. Those are the areas that Amwins Group focuses on to be successful in any insurance market cycle, says James Drinkwater, president of Amwins, the largest independent wholesale distributor of specialty insurance products in the United States. In this interview, Drinkwater discusses current market conditions, why relationships matter, and how Amwins maintained its “strong culture” through significant expansion, market changes, and a global pandemic in 2021.
The post People, Products, Relationships & More: Amwins’ President James Drinkwater appeared first on Insurance Journal TV.
Ever heard of a gram shop law? It’s a thing, and if you’re an insurance broker in Michigan focused on the cannabis space, then you and your clients are well aware of the term. The law, signed by the state’s governor over the summer, is similar to long-established dram shop laws for businesses that serve or sell liquor. It’s one of many interesting regulations in states around the country that make life quite interesting for insurance professionals and their cannabis clients. In this episode, we spoke to Erich Schutz and Lee Woodruff with Jencap Specialty Insurance Services, and Chris Martin with Veracity Insurance Solutions, about some far-out state regulations and how they impact insurance professionals.
This episode of the Insuring Cannabis Podcast is supported by CannGen Insurance Services, LLC. Providing comprehensive insurance coverage for the cannabis, CBD, and hemp industry on a nationwide basis for all product lines.
The post EP. 37: Gram Shop Law is One of the More Interesting Among Far-Out Patchwork of State Regs appeared first on Insurance Journal TV.
When Lou Levinson became president and CEO of Lexington Insurance in late 2018, he knew the company needed a change. He believed that Lexington should be a wholesale focused distribution channel and that the company should remain focused and disciplined in risk selection. That meant making changes to the Lexington’s foundation, and those changes have worked. “It made a difference. It really had an impact on our company and our trading relationships. It mattered,” Levinson told Insurance Journal’s Andrea Wells. Those changes allowed to pivot profitability quickly by rebuilding its portfolio with significantly less volatility and a much better mix and balance of business, he said. And in today’s rapidly growing E&S market that change mattered. In this interview, Levinson talks about Lexington’s future, the current state of surplus lines and what’s to come in 2022 for sector.
The post Lexington’s Levinson on Why E&S Is More Relevant Now Than Ever appeared first on Insurance Journal TV.
Cyber attacks are continuously evolving, and companies that don’t stay educated about the space could be caught off guard, experts say.
“A lot of times, I think cyber has this type of mentality that it’s not going to happen to me,” said Luis Gazitua, principal at JAG Insurance Group, on this episode of the Insuring Cyber Podcast.
However, that’s a misconception that businesses need to avoid as cyber losses mount, he said.
“Cyber specifically is one of those things that could take down your business,” he said. “It’s one of what I consider the biggest unknown losses.”
This is particularly true for small businesses, despite misconceptions that they won’t be targeted without as large of a footprint as bigger firms.
“Small businesses are the ultimate low hanging fruit,” he said. “It’s more likely that a cyber attack would shut them down indefinitely.”
However, many firms – especially in the small or mid-sized space – may be worried that they can’t afford cyber insurance. Earlier in this episode, Odin Olson, vice president of business development at security operations provider Arctic Wolf Networks, spoke about why he believes this is a false notion.
“Can you afford, or did you plan?” he said. “Maybe it’s a slightly different way to look at that. Can we afford things that come up within two weeks as an organization that maybe hasn’t budgeted or planned for this kind of thing? That’s painful. Can you afford if you’ve thought ahead of time and, as I mentioned just a minute ago, looked for different carriers, different options, different coverage options and that kind of thing?”
He also raised another important question.
“And can you afford not to?” he said. “I think you probably can’t afford to have a $5 million ransomware event.”
One method to ensure businesses can not only afford coverage but also will qualify for it is to get started early, he said.
“I think if you let this conversation go until you’re 30 days out or two weeks out from having to buy a new policy for the year, you’re probably out of time to qualify if you haven’t explored other carriers or brokers,” he said. “That may be one of the biggest items, which is start thinking about this now.”
This will give insureds more time to make technology decisions that are becoming primary drivers for insurers in deciding whether or not to grant coverage, he added.
“You can’t implement technology in two weeks to have the capabilities you need to get a lot of the policies these days,” he said.
For agents and brokers, education about technology and cybersecurity is equally important, he said. Whether it’s multifactor authentication, backup tools, 24/7 monitoring or privileged account management, Olson said brokers should be familiar enough with those terms to give clients at least a two-sentence explanation.
“I think that’s something that the brokers can also be doing to bring more value to their clients,” he said. “To really understand the why and what’s happening with these trends and with these technologies so they’ll be better advisors to their clients.”
According to Gazitua, however, the biggest misconception around cyber insurance is still summarized by the sentence, “It’ll never happen to me.”
“It’s not just, ‘I spent $10,000 on the best IT infrastructure,’ or, ‘I pay every month for the best malware system to protect me from a potential issue,’” he said. “But the truth is most of it is human error.”
He added that with the ongoing remote working environment due to the COVID-19 pandemic, this is even more prevalent.
“There are a lot of systems set up where it’s just human error,” he said. “It could be your kids using your laptop, right? Because how do you balance the personal and business laptop? Those things are happening. I think another big misconception is it’s not just about the system you have in place, but the human error element is never going to go away. That is the most likely reason why you’re going to have a cyber claim.”
For those still questioning whether cyber insurance is affordable or makes sense for their business, Gazitua has a word of caution.
“This is going to be something where maybe you get caught off guard,” he said. “More and more, it is going to become the norm in the next three to five years.”
Check out the rest of the episode to hear what else Odin and Luis had to say, and be sure to check back for new episodes of The Insuring Cyber Podcast publishing every other Wednesday on Insurance Journal TV and Apple Podcasts along with the Insuring Cyber newsletter. Thanks for listening.
The post EP. 27: Two Experts Debunk Some of the Biggest Myths Around Cyber Insurance appeared first on Insurance Journal TV.
You are listening to “The Insurance Network” – a podcast series focused on the success of independent insurance agents! In each episode, we’ll be featuring leaders and exploring new innovations in the insurance industry.
In this episode, our host Dr. Brenda Wells welcomes Joan Woodward, the founder and president of the Travelers Institute. She is an economist and award-winning Washington analyst, Woodward is a sought-after public speaker on topics spanning financial services, insurance, the economy, and public policy.
The post EP. 3: Turning Economic and Social Change into Opportunity: A Conversation with Industry Leader Joan Woodward appeared first on Insurance Journal TV.
Next Gear Solutions’ President & CEO, Garret Gray, discusses the company’s acquisition by CoreLogic and how the companies are joining forces to bridge the insurance and restoration industries into one open platform. Click here to learn more about CoreLogic’s commitment to innovation and a better claims experience.
The post SPONSORED: Combining Insurance and Restoration in One Workflow for Better Outcomes appeared first on Insurance Journal TV.
Who’s excited about employee agents starting their own independent agencies? Katlyn Eggar, that’s who, and her Quantum Assurance organization is focused on digital marketing support to drive what she says is growth in three years for these new agencies that used to take them 20 years. “There are some things that are broken in the insurance industry,” she says, and creating a strong employment brand is key. Quantum, an agency network, has spent time defining its brand and culture, Katlyn relates. For example, “Our mission is to democratize insurance so you can protect what matters most.” Quantum’s five core values: “We are ambassadors. We are stewards. We are owners. We are problem solvers. We are influencers.” Listen as Katlyn walks us through Quantum’s business model for onboarding new agents as well as carrier contracts, ownership, vesting and marketing.
This episode is supported by Personal Umbrella, where you can quote stand-alone personal umbrella policies of up to $5 MM in 3 minutes online — just by answering 4 simple questions.
The post Captive Agents Going Independent appeared first on Insurance Journal TV.
Now Available On Demand!
Errors & omissions claims against agencies related to the COVID-19 pandemic have not materialized as feared a year ago. Overall, E&O claims against agencies actually dropped in 2020. That’s basically good news for agency owners. But what’s next for the agency E&O market? This webinar will explore current trends and exposures agencies face and what litigation trends to keep an eye on going into 2022.
What You’ll Learn:
Common E&O exposures and new trends
Best practices to manage the risk
COVID-19 and beyond in agency E&O
With Guests:
Lisa Doherty, founder and CEO of Business Risk Partners (BRP), a specialty insurance underwriter and program administrator based in Winsor, Connecticut.
Peter J. Biging, partner in the New York office of Goldberg Segalla. He is an accomplished trial and appellate attorney with more than 30 years of experience as a litigator in the state and federal courts of New York.
Register now for free!
The post On Demand Webinar: What’s New in Agency E&O? appeared first on Insurance Journal TV.
Sabrina Alkire got into the insuring cannabis business while battling brain cancer in 2018. Alkire, who is now the director of the cannabis division at Frates Irwin Risk Management in Oklahoma City, comes from an insurance background. When Oklahoma legalized the medical marijuana program, the same year that she was dealing with cancer, she saw the clear signs in the wall. She told her inspirational tale in a bonus video during Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14.
The post ICS21 Soundbite: Broker Who Fought Cancer Sees Hope in Cannabis Business appeared first on Insurance Journal TV.
John Balian, director of the cannabis industry practice for Wood Gutmann & Bogart Insurance Brokers, has a niche within a niche. He specializes in not just in insuring cannabis, but in insuring Tribal cannabis operations. He spoke about the ups and downs of insuring Tribal cannabis in this bonus video during Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14.
Watch the full interview by visiting insuringcannabissummit.com!
The post ICS21 Soundbite: Tribal Cannabis Broker in Lonely, Rewarding Space appeared first on Insurance Journal TV.
Five insuring cannabis expert speakers looked into their crystal balls to tell us what the next few years holds in the sector, and they came up with some interesting insights. The “Into the Future: Insuring Cannabis in Coming Years” panel capped off Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14.
Watch the full panel discussion by visiting insuringcannabissummit.com!
The post ICS21 Soundbites: What Will The Insuring Cannabis Market Look Like 5 Years from Now? appeared first on Insurance Journal TV.
There are as many pitfalls as there are opportunities for brokers who want to get into the insuring cannabis business – employee practice liability insurance, exclusions, onsite lounges, testing labs. We found a handful of cannabis brokers to take four minutes on their three hottest topics in the business as part of a panel called “Broker Quick Hits” during Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14.
Watch the full video by visiting insuringcannabissummit.com!
The post ICS21 Soundbites: Broker Quick Hits Panel Took on EPLI, Exclusions, Lounges, Labs appeared first on Insurance Journal TV.
The typical cannabis policyholder too often sees insurance coverage as a box to check off for compliance purposes, and that means there isn’t much pressure placed on carriers to broaden coverage. That’s according to one expert on the “Legal Spotlight” panel at Insurance Journal’s annual Insuring Cannabis Summit on Oct. 14. A group of attorneys on the panel also discussed cases, exclusions, errors & emissions exposures, rulings from certain courts and precedents.
To watch the full interview, visit insuringcannabissummit.com
The post ICS21 Soundbite: Many Cannabis Operators Treat Coverage as a Mere Compliance Check Box appeared first on Insurance Journal TV.
When the pandemic hit, Nationwide switched to remote work rapidly, and began an accelerated push toward “digital first” approaches for its customers, investments and partnerships. Here, Angela Klett, Nationwide’s senior vice president of corporate development, details how it was done in this Carrier Management interview with Editor Mark Hollmer, which took place during ITC Vegas 2021.
The post For Nationwide, the Pandemic Spurred Creativity on Multiple Levels appeared first on Insurance Journal TV.
In this Carrier Management interview with Editor Mark Hollmer, which took place during ITC Vegas 2021, Koffie Labs co-founder and CEO Ian White explained how his company pivoted during COVID-19. Koffie Labs, a digital MGA focused on transportation and trucking, had the timing of launching just before the coronavirus pandemic hit.
The post Startup Koffie Labs Embraced Remote Hiring appeared first on Insurance Journal TV.
When the COVID-19 pandemic forced insurers to change the way they do business practically overnight, ABBYY was in position to help. Its digital intelligence transfigured the insurance process, from content collection to data-driven decision making. In this interview with Insurance Journal Editor Ezra Amacher, ABBYY Insurance Solution Marketing Manager, Eileen Potter discusses how this digital intelligence service met the demands of the pandemic by offering insurers a modernized process that reduces cost, saves time and better serves customers.
The post How ABBYY Advanced AI to Fit Insurers’ Pandemic Needs appeared first on Insurance Journal TV.
Join ProSight for real talk on crane insurance with two experts in the field: Jake Morin, who oversees ProSight’s Crane Program, and Rikki Concannon, Brokerage Services Manager at Ascinsure Specialty Risk (an RPS Signature Programs Company). Listen as Rikki and Jake talk about the dos and don’ts of crane insurance and what retail agents should look for on behalf of their crane clients.
The post SPONSORED: Crane Talk: What to Look for in a Quality Crane Program appeared first on Insurance Journal TV.