RiskCellar

Unlock the mysteries of insurance investments and get a front-row seat to Warren Buffett's strategic moves with us, Brandon Schuh and Nick Hartmann, on the latest episode of RiskCeller. We're peeling back the curtain to reveal how Ascend is revolutionizing premium finance agreements, ensuring agents can stay ahead in the ever-accelerating insurance market. Not just that, you'll get a personal glimpse into our worlds outside the office, from the dance recitals that test my patience to Nick's adventures on the golf course, proving that work-life balance can be as intricate as the topics we discuss. Grasp the subtleties of Buffett's latest chess plays as we scrutinize his increased stake in Chubb and what it means for the insurance landscape. You'll appreciate Berkshire Hathaway's unique position in the sector, armed with massive cash reserves and a strategic eye for long-term growth. Join the debate as we consider the implications of his shift from Apple and how current fire legislation could shape the industry's future. Finally, brace yourself for a rollercoaster of a conversation that swings from the solid ground of factual science to the dizzying heights of speculative technology. We'll muse over the challenges of AI and appliance recalls while charting a course for truth in our digital age. As we gear up for the micromobility conference in Amsterdam, we ponder the symbiotic relationship between cutting-edge tech and human wisdom in risk assessment. Whether you're an insurance buff, a tech enthusiast, or just looking for a hearty discussion with a dash of humor, this episode promises insights and anecdotes in equal measure. Timestamps 0:00 Intro: Ascend AD 3:15 Updates on the weekend 6:53 Today's wine: Portlandia 2001 Pinot Noir 10:14 Today's topics 11:12 Buffett's stake in Chubb 16:59 Legislation restricting lithium batteries in NY passed the House 23:22 Talking about InsurTech's and Swiss Re's withdrawal from iptiQ 27:22 Moody's forecast for insurance prices 30:42 Hurricane season's impact on the insurance world 32:47 True or False Quiz 39:37 Recall of the week: Electrolux refrigerator Frigidaire Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

We explore the transformative impact of Ascend's financial automation platform on the insurance industry. We reflect on the seamless integration of their technology in streamlining billing, collection, and accounting for retailers, particularly when managing down payments for premium financed accounts. The conversation takes a turn as we ponder the complexities of handling claim payments involving mortgage companies, considering how Ascend could potentially address this intricate issue. Throughout the discussion, personal anecdotes and light-hearted moments provide a human touch to the otherwise technical insurance talk. In our lively chat, we delve into current insurance challenges, including the real-life implications of the Zoom class action lawsuit and the fading trend of the Houseparty app. We shift gears to discuss the serious issue of homeowners in Texas struggling to secure true replacement cost insurance coverage, revealing the gap between market values and coverage limits. Our discourse extends to the halted scrutiny of mortgage loans by Freddie and Fannie, and the debate surrounding insurance policies for aging roofs, enriching the conversation with personal experiences and thoughtful insights. Rounding out our discussion, we share our appreciation for a beautiful Farina Valpolicella Rapasso wine, and how such simple pleasures interweave with family dynamics during a bike trip to the store. The episode also touches on the competitive spirit within our families and how our children handle the thrills of victory and the lessons of defeat. We wrap up with contemplations on economic volatility and the importance of resilience in the face of unpredictable events like the 2008 financial crisis and the COVID-19 pandemic, offering listeners a mix of personal reflections and broader economic considerations. Join us for this multifaceted conversation that bridges the nuances of insurance, family life, and the uncertain nature of our future economy. Timestamps 00:00 Ascend AD 2:51.184 Intro 3:24.528 Updates on last week 9:24.625 Today's topics 11:55.180 Freddie and Fannie's plan to scrutinize mortgages 17:04.896 Shifts in the jury pool for nuclear verdicts 21:33.090 The 10 major risks in insurance today 24:37.147 (Today's wine:Tarina Valpoliccela Ripasso) 29:27.756 Should we get reacquainted with unprecedented economic shocks 33:41.264 The housing problem and high interest rates today 36:19.741 Lloyd's zoombombing case 38:38.891 Recall of the week: DR Power leaf blowers 40:59.177 Discussing Trump's trial for Stormy Daniels pay-off 43:35.612 New segment: true or false? 45:30.967 Insurance jokes Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

We dissect the complexities of non-compete and non-solicit agreements and how these contracts could be reshaped by recent FTC rulings. Discover how such constraints influence innovation, employee mobility, and wages across various industries, and hear firsthand accounts about the tricky nature of enforcing these legal bindings. We also examine the potential benefits and detriments of the FTC's proposed national ban on non-competes and its wider implications for the business world. We've all heard the courtroom dramas, but what happens when those dramas spill into real life, affecting wages, innovation, and the freedom to switch jobs? That's what we're unpacking in this episode. From the medical device industry's laser-focused contracts to insurance's preference for non-solicit agreements, we dissect the potential impact of the FTC's proposed ban on non-competes. And hold onto your hats—we're diving into the litigious nature of these agreements, sharing frontline experiences from the trenches where business and law collide. Finally, we don't just stop at contracts and courtrooms - we also tackle the significance of honest trade practices and supply chain transparency. The conversation turns to the repercussions of deceptive labeling, as seen in the recent Williams-Sonoma FTC fine, and the broader conversation about the value of American-made products. We explore the ethical, environmental, and economic factors that play into the manufacturing decisions of businesses and the ripple effect these choices have on our society. Tune in to Risk Seller for a full-bodied discussion that's as rich in legal expertise as it is in storytelling. Timestamps 00:00 Introduction 3:47 Basketball and today's wine: Malbec Trivento Golden Reserve 8:49 Today's topics 10:27 Chubb's CEO Evan Greenberg picks on underwriting practices 14:07 Introducing Pam and her work 18:00 New FTC rule banning non-compete agreements nationwide 20:31 What is a noncompete agreement and who does it apply to? 23:49 Will the FTC rule affect judicial decisions? 26:51 How noncompete agreements affects low income and entry level jobs 31:19 Does the FTC ban lead to non-solicit banning as well? 39:32 Some issues with non-solicit for workers and clients 49:49 Solicitation agreements in California 53:52 What would change in the insurance industry if non-solicit was banned 56:08 Williams-Sonoma fined $3.1 million for false "Made in USA" claims 1:02:17 Recall of the week: Crossman Air Rifles 1:04:53 Ending Connect with RiskCellar: Website: https://www.riskcellar.com/ Pamela Abbate Dattilo: LinkedIn: https://www.linkedin.com/in/pamela-abbate-dattilo-40740a17/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Ever wondered how a glass of fine wine could be as intriguing as the evolution of the Lloyd's insurance market? Well, pull up a chair and join me as Justin Whitehead, the Casualty King from Howden, spills the beans. From his "slip boy" days to witnessing Lloyd’s remarkable turnaround via the Decile 10 initiative, Justin's journey is as rich and complex as a vintage Bordeaux. We'll traverse the social traditions of broking's past, the magnetic draw of Lloyd's for new talent, and the pivotal role of brokers and underwriters in meeting today's insurance challenges head-on. Pour yourself a glass of the accessible yet delectable vintage we're discussing this episode and get comfortable. Our conversation takes an unexpected turn to the Japanese influence on the wine and whiskey markets, mirrored by cultural references like 'Drops of God'. But it's not all about the bouquet and body—there's an update on Lloyd's market health, the gravity of litigation finance on US jury verdicts, and how cloud seeding in Dubai could rain on the traditional insurance parade. Finally, we take a road trip to the insurance battlegrounds of California—wildfires, litigation climates, and the recent deluge threatening to kindle future flames. We'll tackle the $345 million summary judgment rocking the industry and unbox the rise of standalone sexual abuse insurance products amidst a wave of litigation. It's a blend of lighthearted banter and earnest dialogue with Justin Whitehead that promises to be as enlightening as it is entertaining. Join us, and let's toast to the stories behind the policies and the people shaping the world of risk. Timestamps 00:00 Introducing Justin Whitehead 5:18 How has Lloyds changed since the 80s 8:54 Today's wine: Chateau Vermont 14:10 Market update on Lloyds: great 2023 and plans for talent attraction 19:02 The importance of messaging in the insurance space 24:50 The problems with litigation financing today 31:10 Are the good numbers from 2023 sustainable moving forward? 37:26 The problem with California, Texas, and other insurance exclusions today 43:44 Claim of the week 46:47 Recall of the week: Intimidator Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Ever wondered how the high-speed evolution of digital communication is reshaping the way organizations convey their messages? Liz Sheets, a master of strategic communications and our Chief Growth Officer, brings her razor-sharp insights to this very topic. Join us for a riveting exploration of the complexities and challenges that come with keeping pace in a world where platforms like TikTok hold sway over advertising and public perception. We're peeling back the layers on targeting precision, the legal and societal impacts of social media, and how technological advancements are interwoven with our everyday experiences. Diving headfirst into the deep end of artificial intelligence, we confront the anxiety surrounding AI in the insurance industry and beyond. Could these advances spell the end for certain job roles, or are they simply catalysts for a new era of human-machine symbiosis? ChatGPT makes a guest appearance in our discourse as we examine how AI can spark creativity and lend a helping hand, all while debating the irreplaceable value of human oversight and ingenuity. It's a conversation that balances the scales between the risks and rewards of a future brimming with AI potential. Our wine selection for this episode is the Dubourdieu Liaison Sauvignon Blanc, a tantalizing blend of Sémillon and Sauvignon Blanc from the esteemed Bordeaux region in France. This wine emanates a captivating fusion of kiwi and white-fruit flavors, underscored by a tantalizing aroma reminiscent of honeysuckle, honey, and citrus. Its balanced acidity and dryness make for a memorable tasting experience, with subtle notes of pear, grapefruit, and grass dancing on the palate. Cheers to the artistry of Bordeaux winemaking! Finally, we navigate the shifting sands of workplace dynamics, examining how remote work has morphed our ideas of productivity, culture, and generational preferences. From the unexpected eagerness of millennials to return to the office to the demands of managing family life alongside a career, this episode paints a vivid picture of the ever-changing corporate landscape. It's a heartfelt, eye-opening discussion, perfect for anyone with a stake in the future of work, culture, and connection in this brave new digital epoch. Timestamps 1:19 Introducing Liz Sheets and what Tunheim does 4:27 Assessing the social media space and communications today with AI 10:38 Should we age gate social media? 15:07 How is AI disrupting jobs in communication and insurance 22:03 Did the hybrid work model win after Covid? 27:31 Generational differences regarding work models and how companies should approach it 36:57 Are clients dealing with more new and unanticipated risks today? 40:27 Ascend Ad 41:59 Today's wine: Dubourdieu Liaison Sauvignon Blanc 46:50 Update on Trump's bond case 47:24 Zurich Insurance stops underwriting new fossil fuel projects 48:16 Recall of the week: Black and Decker steamer Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Listen in as we tackle some of the most electrifying and pressing stories of our time, from the scandals rocking the celebrity world to the unforeseen consequences of disasters. We kick things off with the startling news surrounding P Diddy, discussing the FBI raids on his properties and the serious charges he faces. The atmosphere shifts between grave concern and 90s nostalgia as we try to unravel the potential fallout of these allegations and his mysterious disappearance. Moreover, we bring you up to speed on the complexities surrounding a bridge collapse, highlighting the heroic actions of the crew and the financial shockwaves sent through insurance giants like Chubb and AXA XL. In a heartfelt turn, we share personal stories from our lives that intersect with the day's topics. You'll hear about my daughter's sailing classes, bringing a unique, intimate perspective to the maritime accidents we dissect. We then soar into the world of aviation, discussing Boeing's recent challenges and the nuances of transportation risks. The conversation gets even more grounded as we examine State Farm's policy upheavals in California, navigating the treacherous waters of insurance in the face of natural disasters and state regulations. Finally, let your imagination take flight with our musings on the future of technology and the emotional journeys of our pets, particularly a cherished blind and deaf pug. As we speculate on the impact of groundbreaking AI like ChatGPT 4.5, we also prep you for the marvel of an upcoming solar eclipse and the frenzy it's stirring in Hill Country, Texas. Wrapping up with a foray into the financial world, we discuss the surprising twists in the stock market, including the developments with Trump's Truth Social platform. This episode is a tapestry of poignant reflections, high-stakes analysis, and forward-thinking speculation. Timestamps 00:00 Today's topics 1:49 Sean Combs lawsuit and raid to his properties 7:47 Today's wine: La Enfermera 11:18 Baltimore bridge collapse 21:02 FAIR Plan State Farm won't renew 72000 California home policies 25:50 Talking about dogs 29:06 Lunar eclipse in Texas 31:40 Update on Trump's trial: bond reduced to $175 million 34:14 Ascend sponsor 34:50 Recall of the week: Ravin's crossbows Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Pour a glass and nestle in as we welcome the legendary Zach Freeman to the show, swirling a robust 2021 Earthquake Zin between tales of early sports podcasting glory and tech nostalgia. Our palates dance with the notes of blackberry and huckleberry, while laughter ensues over the surprise presence of huckleberry—yes, huckleberry—in our glasses. Zach takes us on a stroll down memory lane to the days of MySpace hustles and those unforgettable AOL Instant Messenger dings, capturing the essence of a bygone digital era. The conversation takes a sharp turn as we sift through the murky waters of data privacy, with TikTok's current debates at the forefront. We dissect the ethical quandaries of insurance companies and data sharing, while pondering the cultural ramifications and national security concerns of TikTok's Chinese ties. It's a candid debate that balances the scales of capitalistic liberties with the weight of international policy and America's media stance against China's restrictive practices. Shifting gears to close, we delve into a South Florida man's insurance predicament, a cautionary tale of OnStar's unsolicited data sharing. This opens the door to a broader conversation about the automotive industry's handling of our personal information, set against the backdrop of European and Californian data protection laws. We wrap up with a peek into AI's expanding role across industries, speculating on its potential to reshape creativity and generational dynamics, all while keeping the chat light with local business quips and the latest consumer recalls. Join us for these vibrant discussions, where the wine flows as freely as the banter. Timestamps 00:00 Today's wine: 2021 Earthquake Zinfandel 3:44 Introducing Zach Freeman 7:26 Today's topics 8:37 TikTok ban in the US 14:03 Illinois insurance agency sentenced for swindling premiums 15:50 Trump's trial on overvaluation of property in NY 19:02 Alexa driving data leading to spiking rates in insurance 26:20 The future of insurance agencies with AI 35:00 Recall of the week: Best Buy's air friers Zach Freeman LinkedIn: https://www.linkedin.com/in/zacharybfreeman/ Bio: https://www.christensengroup.com/team/zachary-freeman Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Ever fancied a trip to the rolling vineyards of southern France, complete with a glass of exquisite Merlot, without leaving your living room? This episode swirls around the heady aromas of a 2021 Rassoul vintage, but that's just the prelude to an intoxicating exploration of the insurance industry's latest gyrations. We're uncorking the complexities of AM Best's ratings dance, Trump's bond buzz, and Lloyd’s impressive performance in 2023. Alongside this, we're sifting through the calls for oversight in the murky world of litigation funding. Paired with tales of southern France, our musings are bound to whet your appetite for both the finer things and the financial intricacies that shape our world. The scene shifts as we navigate the intricacies of insurance ratings, likening the tension of downgrades to the final minutes of a football match facing relegation—case in point, Pie Insurance Group's recent slips and stumbles. Bain Capital's strategic leap into GuideOne and lingering echoes of Mitt Romney's tenure at Bain adorn our conversation. We also share insights from our guest expert, who lifts the veil on Lloyd's of London's secretive syndicates and their storied successes. This chapter is a masterclass in decoding the signals sent by credit rating agencies and sifting through the sector's strategic plays—from GuideOne's unique market stance to the peculiarities of Lloyd's inner workings. Our talk takes a more serious turn, delving into the significant turnaround at Lloyd's of London and the post-pandemic silence within the walls of its iconic building. A reflection on American attitudes towards legal reforms and the disproportionate gains enjoyed by litigation funders over plaintiffs marks a sobering discussion. We wrap it up on a cautionary note, dissecting urgent recalls that hit close to home: the Jule Baby Nova baby swings and Anchor's lithium-ion battery-powered coolers. The perils of product safety are not taken lightly here, as we navigate the fine line between innovation and consumer protection, all while dishing out relatable nuggets about life's little challenges. Join us for an episode that promises more than just a sip of knowledge—it's a full-bodied experience. Timestamps 0:41 Today's wine: Luc Pirlet Reserve Merlot 3:56 Today's topics 5:17 AM Best downgrades 12:14 Trump posts $91 million bond and files notice of appeal in E. Jean Carroll case 17:39 Lloyds profits in 2023 21:38 Litigation Funding Survey: mostr americans want legal reforms against litigation funding 24:48 Recall of the week: Jool nova baby swing 28:19 Second recall: Anker's coolers Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Sip the rich flavors of Washington's Columbia Valley and unravel the complexities of healthcare and cybersecurity with us, as Christopher Logan, our wine-loving colleague, brings both his palate and expertise to the table. While our glasses brim with the notes of a peppery red blend, we'll transition from the lighthearted art of wine tasting to the sobering challenges facing Americans in the healthcare sector. From the rising costs that send individuals to food pantries to the chilling tales of insurance fraud, we traverse a gamut of issues that underscore the need for innovation and protection in an industry that holds our wellbeing in its hands. Enter the shadowy world of ransomware attacks on healthcare systems, where RT's cutting-edge solutions shine a light on the path to resilience. My former private investigator self emerges, regaling with tales of trees thrown by the 'disabled', encapsulating the surreal world of insurance fraud. We then peek into Tesla's ambitious dive into the insurance industry, weighing their high-stake losses against the backdrop of the electric vehicle market's financial turbulence. Our musings on biometric gun safes take a turn from serious to amusing as we recount the frustrations and failings of technology that promises safety but doesn't always deliver. Raising our glasses, we herald the advent of Risk Seller LLC, our latest endeavor aimed at transforming the face of risk and insurance. As we laugh, reflect, and debate throughout the episode, it's the spirit of innovation and the shared journey with our audience that truly invigorates us. Join us in this episode that's as rich and varied as the wine we sample, leaving you informed, entertained, and perhaps a little more guarded in our increasingly digital world. Timestamps 1:29 Today's wine: Intrinsic 2021 red blend 6:23 introducing Christopher Lokken 9:27 Today's topics 10:57 Huge Texas wildfires 15:30 Woman loses injury claim after being pictured winning Christmas tree-throwing contest 21:08 RT Specialty adds cyber liability to Its proprietary digital platform 23:26 Chris' take on the National Healthcare ransomware and cyber liability 34:11 Optum's growth and discussion about antitrust 38:38 Tesla's insurance reports growth 45:47 Recall of the week: biometric gun safes 52:31 Officially announcing our new sponsor Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

As Nick and I tackle the complexities of a Fableist 373 Cabernet Sauvignon, we find ourselves diving into more than just the notes and finishes of our chosen vino. We discuss the stormy relationship between climate and the insurance industry, where hailstorms now rival hurricanes in their capacity for chaos. The episode uncorks discussions on the roofing innovations that could stand up to Mother Nature's wrath, and the financial fermentations represented by Aon's and NFP's merger, all while considering the potent blend of climate on the very grapes in our glass. Every good story has its twists, and the leadership shake-up at Lockton Insurance is no exception. With the departure of CEO Peter Clune, we probe the possible undercurrents of this significant change and speculate on the future direction of the world's 10th largest brokerage. And amidst these seismic shifts, we can't help but address the forecast for a hurricane season that promises to be as memorable as the Cabernet on our lips - a swirl of meteorological predictions and legislative changes, like Florida's stance on litigation funding, that could redefine the landscape of the legal system. Our conversation may start with wine, but it's the tales of trial attorneys and the unexpected round of February golf in Minneapolis that add flavor to our discussion. We admire the finesse of courtroom combatants and their ability to weave narrative and knowledge into a compelling argument. And, as we raise a glass to the quirky intersection of legal drama with pop culture - from 'My Cousin Vinny' to 'Catch Me If You Can' - we toast to the shared moments that keep us connected, to both the tales we tell and the trials we withstand. So, join us, glass in hand, for an episode that pairs life's unexpected twists with the timeless pursuit of a good story. Timestamps 0:00 Today's wine: Fableist 373 The Ant and the Cicada 4:11 Today's topics 4:56 Hail storms in the US and roof materials appropriate for insurance 10:23 Current state of AON's purchase of NFP and Point Capital's purchase of Truist 13:45 Zurich adds $300m top cat layer for Europe to 2024 reinsurance arrangements 16:11 Lockton CEO Peter Clune exits the company and will be replaced by Ron Lockton 21:33 AccuWeather Warns of Potential ‘Super-Charged’ 2024 Hurricane Season 26:17 Florida pushing against litigation funding 30:52 Talking about attorneys, bars, and Curb Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Join us as we uncork the fascinating world of wine with Leslie Miller, founder of Amusée and Sip Better, who shares her journey of entrepreneurship and her passion for making wine accessible. Leslie takes us through her storied 20-year adventure, from the inception of her first company to her days managing a Keystone Resort restaurant and her role at Archery Summit in the Willamette Valley. She brings us back to her Midwestern roots, detailing how her love for the story behind each bottle of wine inspired her return to Minneapolis, where she continues to cultivate a sense of community through her ventures. Leslie's insights reveal the joy and approachability of wine, whether enjoyed as a thoughtful gift, the centerpiece at dinner parties, or as a simple personal indulgence. Listen in as we raise our glasses to the complexities and pleasures of Italian wines, and the confusion surrounding Montepulciano, a grape that doubles as both a place and a varietal. Discover why wines from regions like Abruzzo offer both quality and affordability compared to their more renowned Tuscan neighbors. Our discussion meanders through personal Italian travel tales, touching on the magic of enjoying wine in its birthplace and the broader impact of climate change on vineyards from Tuscany to Napa Valley. Plus, don't miss the enlightening wine tasting tips as we recommend a Montepulciano that promises to delight fans of full-bodied varieties. Wrap up your experience with a segment that takes an unexpected turn into the insurance world, highlighting the legal battle between Uber and American Transit Insurance Company, and the peculiar case of a lawyer caught in illicit fund transfers. We debate why the tightly regulated insurance industry remains an alluring target for fraudsters. As we contemplate the talent crisis facing insurers and Lloyd's of London, we also examine Google's foray into risk management with their Lloyd's and Apollo partnership. And because we like to balance the professional with the personal, we'll even toast to a little wine chat to end on a spirited note. So, pour yourself a glass and tune in for a rich blend of business acumen, storytelling, and a taste of the vine. 0:00 Introducing Leslie and her professional history 3:51 The founding of Amusée and Sip Better 6:52 Talking about the North Loop of Minneapolis... and the best restaurant in town 10:35 How does Sip Better work? 11:43 Does wine have to be expensive to be good? 14:01 Montepulciano wine: its origins and price points 16:48 Do some wine produce less hangover than others? 17:59 Climate change, wine production worldwide, and insurance possibilities 21:18 What goes into the valuation of a wine collection and how to insure it? 27:31 Talking about today's wine: Illuminati Riparosso Montepulciano D'abruzzo 30:50 How does climate temperature affect the wine's taste and alcohol percentage 33:46 Wine tasting: tips on how to harmonize with food 38:20 Uber's lawsuit against ATIC in NY 41:30 Beaufort Lawyer Pleads Guilty to Transferring Millions of Dollars to Prevent Seizure 44:51 Lloyd's using TikTok to attract new workers 49:10 Google pairing up with Lloyd's Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Join us as we kick off with a whimsical wine tasting, trying out a Chardonnay that hails from Yolo County, affectionately named "69 Miles." While we're candid about our preference for reds, we don't hold back on sharing our thoughts about this perfumatic white's tropical and vanilla notes. But wine enthusiasts, beware – we have a hunch that this one might come with a side of regret if you overindulge. Our tasting may have started on a light note, but we swiftly pivot to the more sobering topic of insurance headlines, discussing the repercussions of the controversial Muddy Waters Report on Fairfax, the financial aftermath of uninsured flood losses in California, and the unfortunate blaze at Lutzen ski resort. Stick around as we also share some insights on local brokerage developments right here in Minnesota. Now we don't just sip and savor – we scrutinize and speculate. The conversation heats up with a thorough examination of the serious allegations levied against Fairfax Holdings by Muddy Waters. Listen in as we unravel the complex tapestry of accounting practices and investments that have stirred up the insurance world, while reminiscing about personal encounters with Fairfax's executives. The stark comparison between Fairfax and the colossal Berkshire Hathaway sets the backdrop for a rich discussion on the nuances of the insurance industry's reaction to these claims. Wrap up this episode with us as we reflect on the broader industry trends and generational shifts. We ponder the potential oversaturation of brokerage firms in the Minnesota market, questioning the space for new entrants amidst industry giants. Moreover, we dive into the changing media landscape and its impact across generations, contrasting the social habits of Gen Z with millennials, and chuckling over our own trysts with LinkedIn content creation. So pour yourself a glass (red or white, we won't judge) and tune in for a blend of light-hearted banter and in-depth industry analysis that you won't want to miss. Timestamps 0:00 Today's wine: Yolo county chardonnay 3:21 Today's topics 4:05 Muddy Waters report on Fairfax manipulation of asset's values 11:41 Floods and natural disasters in California where most people are uninsured 16:55 Burnt lodge in Lutsen, Minnesota 23:09 Talking about Superbowl 25:26 Shoutout to Riedell's roller skates 29:01 New brokage in town in Minnesota: is there room for a new firm in a saturated market? 33:55 Who performs better today: generalists or specialist sellers? 38:58 Talking about Fargo, Curb, and gen Z habits 43:24 Social media, depression, and age gating Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Join us, Nick Hartman and Brandon Schuh, as we uncork the complex world of wine and spirits, tasting a bold Cabernet Sauvignon and discussing the rich heritage of peat in scotch production. We savor the nuances of dark berries, herbs, and chocolate in our Argentine Cabernet while reflecting on the environmental impact of peat and the intriguing process of its transformation. Our palates then brave the intense flavors of a 120 proof Isla scotch, rounding out our journey through the spirited world of fine alcohol. Listen in as we navigate the ever-evolving insurance landscape, tackling everything from coral reef protection in the South Pacific to the challenge of soaring auto insurance rates. With a nod to the Lau Group islands' pioneering parametric insurance policy, we explore how insurers are adapting to a more granular risk management approach. Then, we switch gears to discuss the contentious issue of adverse verdict coverage and the broader economic implications of underinsured motorists. Plus, don't miss our take on the state of the reinsurance market and our critique of a questionable insurance savings article. In the final leg of our episode, we discuss the insurance industry's allure as both an investment hedge and a career path, considering the impact of insurtech and algorithmic underwriting on traditional practices. Our conversation touches on everything from job growth to the whims of the Federal Reserve, the high stakes of the consumer discretionary sector, and the complex housing market dynamics post-COVID. Wrapping things up, we share our thoughts on the future of podcasting, with a side of humor from "Curb Your Enthusiasm," and reflect on personal anecdotes about keeping belongings safe in the dating world. Timestamps 00:00 Today's wine: Cabernario #5 Cabernet Sauvignon 7:07 Today's topics 7:46 WTW's new parametric insurance protection for endangered coral reef systems and the granularization of the insurance industry 10:19 Talking about adverse verdict coverage as an example of individualized insurance 12:26 High auto insurance rates and lack of carriers accepting new business in personalized right now 18:21 Global reinsurance returns scenario: which sectors gave the most returns? 23:01 Algorithm underwriting: what is it good for and who does it favor? 30:29 Nick's hot take on coral reef insurance 31:44 Talking about Curb your Enthusiasm, and a hot take on dating 35:15 Smartlist podcast sold for 100 million, and the future of podcasting 38:01 Talking about bars and college life Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Have you ever found yourself lost in the bouquet of a fine wine, only to have your reverie interrupted by thoughts of your insurance policy? We kick off with a sip of Chateau Vivonne Bandol Rosé, unraveling its fruity undertones and organic roots, all while tying in the ebbs and flows of the insurance market. From property peaks to auto adjustments and the peculiar dip in workers' compensation costs, we've got your curiosity covered—and perhaps, your assets too. But it's not all sipping and swirling; we're peeling back the layers of today's work culture, revealing the burnout that simmers beneath the surface. With tales from our own lives, we delve into the paradox of yearning for meaningful work while grappling with the fatigue that the remote work era has ushered in. We don't shy away from the tough conversations, discussing the often-overlooked side effects of telecommuting, from corporate culture shifts to the looming specter of 'quiet quitting' and industry layoffs. Rounding out our discussion, we light up the topic of captive insurance with a touch of humor and a dose of reality. The cannabis industry's dance with regulation serves as the backdrop for a robust conversation on Minnesota's latest twists and turns in legalization. As we navigate through THC-infused conundrums and liquor liability, we also ponder the cancer risks lurking in everyday products with a laugh and a hope for the best. Join us as we toast to an episode brimming with market insights, heartfelt confessions, and a candid look at parenting in the mix of it all. 0:00 Today's wine: Chateau Vivonne Bandol Rose 2:32 Weekly market update 5:30 Today's topics 6:24 Discussing burnout: is it about jobs or is it a mental health crisis 11:55 Remote workers are more likely to be laid off 16:43 What are captives and what are the main misinformation about it today 24:38 Do captives make sense for cannabis industry insurance? 26:22 Cannabis regulatory body resignment episode in Minnesota 29:23 Cannabis related laws in Minnesota and its effects on the insurance industry 34:08 Will cannabis be legalized federally 37:25 Talking about the J&J talc lawsuit settlement Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Sipping on the bold flavors of Chateau Dalem 2019 Fronsac Bordeaux, we find ourselves entwined in a tale as rich as the Bordeaux in our glasses. Our latest episode kicks off with an unexpected networking story from Total Wine, proving how the insurance industry can be just as interconnected as the fine vineyards of France. While we indulge in our shared passion for a good vintage, we uncork the pressing issues of ESG scores and DEI practices. Insurance companies aren't just about policies; they're potentially steering the corporate world towards sustainable and inclusive futures, and we're here to discuss how. Ever wondered how the litigation financing landscape is starting to reflect the high stakes of venture capital? We've got you covered with a robust discussion that peels back the layers of this evolving trend. It's changing the game for plaintiffs and attorneys, with insurance companies caught in the crossfire, wrestling with rising risks and costs. We share strategies that could help insurers keep their footing, including reinsurance's subtle yet powerful role in auto insurance rates. Imagine a world where strategic risk management is as nuanced as choosing the perfect wine for your steak dinner—that's the world we're exploring. We round off our episode with a thoughtful debate on the ethical quandaries AI plunges us into, especially when it comes to plagiarism. The New York Times' spat with large language models over content scraping is just the tip of the conversation iceberg. And if you think that's all we've got in store, just wait until we get into the nitty gritty of reinsurance and catastrophe bonds. It's a topic that promises to be as engaging as it is informative, sprinkled with the same humor and charm you'd expect from a night out with old friends. So pour another glass, and let's toast to an episode that's as enlightening as it is entertaining. 00:00 Introduction: Chateau Dalem 2019 Fronsac Bordeaux 5:18 An overview of the ESG problem today and its impact on the insurance business 13:24 What's causing the double digit increases in the auto insurance 20:25 A wine/priest joke: talking about religious advices 23:31 New York Times sues OpenAI 27:43 Will AI be as disruptive as most people believe? 29:30 How are hedge funds making profits betting on catastrophe risks 33:20 Texas strict liquor laws 34:50 Ideas for the podcast in the future Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Have you ever considered the delicate dance between enjoying a robust Cabernet Sauvignon while debating the intricacies of current events? That's exactly what we do, kicking off with a candid discussion about the art of wine tasting, flavored with a personal touch as we share our thoughts on a standout Carmen Gran Reserva Cabernet Sauvignon. We caper through our wine-buying escapades, weather-induced borrowing from neighbors, and throw in a playful squabble over regional climates for good measure. The FAA's ongoing investigation into Boeing 737 MAX issues takes flight in our conversation, sprinkled with humor despite the gravity of the topic. We also cruise into the future of transportation with autonomous taxis, and tackle the rough play concerning California's proposal to ban youth football. It's a mix of lighthearted banter and serious discussion, as we also look at the repercussions of big business mergers in the insurance sector and how they could shake up the market landscape. As we raise our glasses to the future of this podcast, there's no holding back on the predictions for the property insurance industry amidst the tempest of severe weather and rising claims. We debate the fate of all-risk property policies and the spike in specialized coverage, providing a peek into the shifting tides of underwriting and risk management. All this, rolled into an episode that's as rich and complex as the wines we love to savor. 00:00 Introduction: Tasting a Gran Reserve Cabernet Sauvignon Cab Franc 2021 4:06 Introducing Risk Cellar Podcast 7:06 Today's topics 8:16 Talking about the accident with Boeing 737 Max and its impacts on the aviation insurance market 13:55 How the entrance of autonomous vehicle services will change the insurance space 18:09 California's proposal to ban youth football and the problem of concussions 27:01 Changes in the modern property insurance market due to climate change 36:26 Discussing Aon's acquisition of NFP Connect with RiskCellar: Website: https://www.riskcellar.com/ Brandon Schuh: Facebook: https://www.facebook.com/profile.php?id=61552710523314 LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/ Instagram: https://www.instagram.com/schuhpapa/ Nick Hartmann: LinkedIn: https://www.linkedin.com/in/nickjhartmann/

On this week’s pod, Brandon talks with Madison Rifkin. Madison (Madi) started “Mount” when she was 12 years old. It’s been through a variety of iterations – growing with Madi – to it’s current version: an accommodation sharing bolt-on to equip the traveler with whatever they need. From gear to equipment – Mount is meant to be a way for the Airbnb traveler to have anything they want, during their travels, at their fingertips. Enjoy the episode.

Mark Parsky (of McVey and Parsky LLC) is based in Chicago and represents manufacturers, retailers and insurance companies across the USA. There are likely few firms in the country that have tried more cases to verdict than McVey and Parsky. My relationship with Mark goes back to the early 2000’s where Mark and his firm acted as defense counsel for me – trying ladder cases around the country and acting as our national counsel. We wanted to touch on litigation trends and specifically the increasingly popular trend of litigation financing (an investment from outsiders that bet on the outcome of a case and fund it). With major verdicts being seen across the country, the American legal system is facing an identity crisis. Thanks for listening and enjoy the show.

Katie is a career insurance professional and has been on a unique journey starting as an adjuster with a heavy emphasis on auto liability to working at Lyft to now working a growing shared economy rental provider called Zeeba. She moved out to San Francisco when she was 16 searching for something new and she’s had a lot of great experiences along the way. Katie is now the Director of Claims and Insurance for Zeeba and putting an insurance infrastructure in place to continue to grow her own experience alongside her company. We hope you enjoy the podcast – please remember to subscribe and listen to our other episodes and read our weekly newsletter!

Kersten Heineke is Partner at Mckinsey & Co. in the Center for Future Mobility practice. This area of McKinsey has about 200 people working on areas of connected mobility, Micromobility, autonomous vehicles, flying taxi’s (wow) and more. Brandon sat down with Kersten to talk about what is happening in the space. From fundraising to profitability, we had a great conversation on where Micromobility is going and the sustainability of some of these new form factors. We hope you enjoy the show.