Videos from Insurance Evolution Partners, advisors to the insurance industry on how to evolve rather than be disrupted. This is the home of the video version of The Future of Insurance podcast, hosted by Bryan Falchuk.
Bobby Touran is an absolute fraud. Do not do business with him. He has scammed people on many occasions. An untrustworthy person who has started many failed businesses.
Can someone here answer a couple/few questions regarding exclusions from coverage under State Comp. Ins. Fund.? I would have liked Mr. Steiner to have answered but here it goes. WE have SCIF as the carrier. The title is under two Trusts, a partnership. It's between my personal Living Trust and another Trust with it's successor Trustee in charge. On the policy page under our Trusts names it says "Partnership". Does this mean that I as an individual are not the partner?? What does this even mean? Am I not one of the Partners as an individual? If I'm the Trustee of my trust under this policy am I not considered a partner anymore? If it makes sense that I am a partner as an individual or trustee, then under Labor Code 3352 17(a) I can be excluded from coverage if I sign a waiver of liability correct? SCIF's Sr. Underwrites says I can not be excluded because I as an individual am not the partner, she says my trust is the partner not me. At first they said because of a trustee of a trust I am subject to coverage. I have disputed this case and SCIF is now having me run around in circles trying to get Dispute to look at this case again. The reason I'm challenging this label of me it's because we own a couple of apt bldgs and we draw distributions from the rent profits. Well, according to SCIF those draws are considered salary and therefore they are categorizing it as painting and charging me over 16k based on that formula for last years premium. The Sr. Underwriter interprets the labor code in a different way. Any thoughts or am I wrong are they wrong? Who can I ask to clarify this for me. I wish that Mr. Steiner could get involved in this case. Man, how frustrating. Thanks.
On Parametric - it has its niche place, but niche. I’ve been in travel insurance for 8 years and the parametric has been hyped up for a while and the real use is limited (travel / baggage delay maybe)
yes, there has been a lot of hype around it. I've seen some interesting parametric products in travel, but I haven't seen them really catch up. It will be interesting to see how parametric solutions develop across different lines of business, like property, in the coming years.
Great Podcast, I'm in the Insurance Industry for more than 30 years but still learning so much. That's the beauty of innovation within the digital Insurance space, great stuff !
Great listen... also must day I brought the latest installment of you "future of..." series... great read too... keep up the work..it's key for the industry vets like me..
Love this content. I am entering the insurance industry for a second time and learned so much from my failed agency. Super excited to dive in and run with these type of concepts.
very surprised this hasn't gotten more views. with a guy like Andrew toy working for this company I have a see a great outlook for this company and the seniors they help.
Good podcast. Quick point of correction Desjardin Insurance bought out State farm (Not Aviva) in Canada. Meloche Monnex Inc (TD insurance) bought Liberty Mutual. Aviva bought out RBC insurance.
He doesn't know her name, so hopefully she's safe ;-) I definitely agree with the approach of being priced correctly, not cheaply (or expensively). You can't make the numbers work that way. We've tried for centuries in this industry, hence all the hard and soft market cycles when everyone made or lost loads of money. As I always say, being good at what you do on average isn't the same thing as being good at what you do.
