RiskCellar

Brandon Schuh sits down with Dean Hildebrandt, President and CEO of Assurex Global, to explore how mega-broker consolidation is reshaping the insurance brokerage landscape. As consolidation accelerates in 2025, with mega-brokers absorbing smaller firms through billion-dollar acquisitions, including Willis Towers Watson's $1.3 billion purchase of Newfront and Baldwin Group's $1 billion acquisition of CAC Group, the conversation reveals how private equity is driving transactions that, while profitable for financial sponsors, leave clients, carriers, and employees bearing the costs. Dean brings two decades of expertise from his leadership at Associated Benefits and Risk Consulting and his pivotal role at Ahmann-Martin before joining Assurex.Dean challenges the prevailing narrative around these mega-deals, arguing that the real winners aren't clients or carriers but private equity firms extracting value through EBITDA portfolio plays. Throughout the episode, he details how consolidation is accelerating talent acquisitions and market share gains for independent, regionally-focused brokers like those in the Assurex network, firms that prioritize relationships, client service, and stability over spreadsheet metrics. The discussion also highlights Assurex's structural innovation: the launch of AG London, a first-of-its-kind London wholesale broker owned by 30 Assurex firms that operates under perpetual independence and cannot be acquired or sold.As the industry looks ahead to 2026-2027, Dean and Brandon examine how technology and AI will reshape brokerage operations while emphasizing that true competitive advantage lies in understanding the full value chain. The episode underscores a fundamental tension in modern insurance. Whether consolidation will create better client outcomes or simply enrich financial sponsors while destabilizing the very firms and relationships that hold the industry together. For independent brokers navigating this landscape, the conversation offers both cautionary lessons and a compelling vision of an alternative future.Chapters02:30 – Wine recommendations and AI tool comparisons07:00 – Introduction to Dean Hildebrandt and his background10:00 – Dean's entry into brokerage and early career with Ahmann-Martin14:00 – Overview of 2025 consolidation trends and mega-broker activity16:30 – Willis Towers Watson acquires Newfront for $1.3 billion19:00 – Baldwin Group purchases CAC Group for $1 billion22:00 – Private equity's role in driving M&A transactions26:00 – How consolidation impacts clients, carriers, and employees31:00 – The absence of client perspective in private equity discussions35:00 – Deal sizing and EBITDA economics in mega-acquisitions39:00 – Why independent brokers are thriving amid consolidation42:00 – Introduction to Howden's US market entry strategy46:00 – Assurex's strategic response: AG London launch and structure51:00 – Dean's journey to Assurex Global leadership54:00 – Technology, AI, and automation in brokerage operations58:00 – How carriers are adapting to industry transformation61:00 – Conclusion and future outlook for independent brokerageConnect with RiskCellar:Website: https://www.riskcellar.com/Brandon Schuh:Facebook: https://www.facebook.com/profile.php?id=61552710523314LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/Instagram: https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn: https://www.linkedin.com/in/nickjhartmann/ Dean Hildebrandt - President & CEO, Assurex GlobalWebsite: https://www.assurexglobal.com/LinkedIn: https://www.linkedin.com/in/dean-hildebrandt-09810baAbout Assurex Global:Founded in 1954, Assurex Global is the world's largest privately held commercial insurance, risk management, and employee benefits brokerage group, combining local expertise with global reach across more than 600 partner office

RiskCellar is back with episode 70, marking a major milestone for hosts Brandon Schuh and Nick Hartmann as they dive into the most pressing insurance broker consolidation trends shaping 2025. The episode kicks off with major industry news on the Baldwin and CAC merger, a billion-dollar deal that reflects ongoing consolidation in the insurance brokerage space. While the acquisition comes in smaller than recent mega-deals, the merger creates what Baldwin calls the largest majority colleague-owned publicly traded insurance broker, signaling continued market consolidation and M&A activity that benefits independent brokers.The hosts explore critical developments in insurance technology and autonomous vehicle safety, including Tesla's recent sensor and camera upgrades designed to improve their self-driving system performance in challenging conditions. The conversation reveals how insurance industry players are monitoring autonomous vehicle advancements, telematics driver monitoring programs, and commercial auto liability trends, including the growing use of cameras and driver scoring to reduce claims. They also discuss the implications of unlimited liability insurance in the UK market and significant pricing differences in Canadian insurance, where casualty risk pricing can be 40% lower than US market rates.A major highlight involves the Rad Power bike battery recall and CPSC safety concerns, where the federal agency issued a unilateral opinion declaring all RAD batteries defective without conducting independent testing. The hosts debate the fairness of this regulatory action, noting that Rad Power faces potential bankruptcy from a million-unit recall despite only 31 documented incidents causing $750,000 in cumulative damage. The episode also covers Lloyd's of London CEO John Neal's resignation following an inappropriate workplace relationship scandal, insurance industry news on Ryan Specialty's new public sector MGU launch, Howden's aggressive hiring expansion, and a playful segment on insurance truths and lies featuring alien abduction coverage.Tesla's autonomous vehicle technology still lacks adequate camera systems compared to competitors like Waymo, delaying full self-driving capabilityTelematics and driver monitoring are becoming essential risk management tools for commercial auto liability, despite employee privacy concernsCPSC regulatory actions can devastate companies without scientific testing, raising questions about fairness and due process in product safety decisionsInternational insurance markets show dramatic pricing variations, with Canadian and UK markets offering 02:00 Thanksgiving Turkey Cooking Methods & Holiday Stories 03:30 Episode Celebration & Drinking Toast 04:35 Baldwin & CAC Merger: $1B Insurance Broker Consolidation 09:25 Ryan Specialty's Public Sector MGU Launch10:00 Public Sector Insurance Competition & School Bidding Challenges 11:15 Canadian Insurance Market & International Pricing Differences 14:15 Tesla Autonomous Vehicle Camera Upgrade Challenges 16:00 Chevrolet Diesel Truck & Frank Cruz Shout Out 16:30 Howden Hiring Expansion & Legal Costs Impact 8:50 John Neal Lloyd's CEO Scandal & AIG Withdrawal 21:40 New Zealand Kiwi Cultural Reference & Gender Diversity in Insurance 23:25 Rad Power Battery Recall & CPSC Regulatory Overreach 26:00 Battery Incident Statistics & Scientific Method Concerns 28:15 Dog Interruption & Personal Stories29:10 Don Julio Tequila & Podcast Memorabilia 31:30 Alien Abduction Coverage Predictions for 2026 32:50 Recall of the Week: Ozark Trail Camping Stove 35:25 Upcoming Guests & Litigation Funding Panel Discussion Connect with RiskCellar:Website: https://www.riskcellar.com/Brandon Schuh:Facebook: https://www.facebook.com/profile.php?id=61552710523314LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/Instagram: https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Let’s explore insurance litigation’s new terrain. This week, Brandon Schuh leads a sharp conversation with Matt Monson of The Monson Law Firm and Todd Kozikowski, CEO and Co-Founder at 4WARN. Delving into topics like mass torts, nuclear verdicts, and litigation harvesting, the episode unpacks aggressive trends driving major changes in claims and coverage, highlighting how private capital, marketing tech, and regulatory gaps are remaking the insurance landscape.The discussion details how litigation harvesting has become a well-oiled pipeline, fueled by third-party investments and digital lead generation mechanisms. Matt Monson elaborates on law firms' multimillion-dollar deals with hedge funds while Todd Kozikowski exposes 4WARN’s data-driven risk analysis and the ways claims are mass-produced through AI-powered advertising and direct outreach. Social inflation and nuclear verdicts are dissected as top factors raising premiums and challenging the survival of insurance carriers.Monson and Kozikowski call for smarter oversight and risk management, stressing the urgency for insurers to adapt tactics and regulatory bodies to rein in unscrupulous lead generation. The episode also highlights innovations like parametric-triggered cat bonds after disasters, underscoring the growing complexity of risk mitigation facing carriers today as digital and financial disruptions reshape both litigation and underwriting norms.Takeaways:Litigation harvesting is driving record claim volumes across insurance sectors.Third-party funding and hedge funds are key engines of mass torts.Digital ads, AI, and direct messaging redefine claims acquisition.Nuclear verdicts and social inflation sharply raise costs for insurers.Lead generation companies are bypassing traditional legal ads.Parametric cat bonds are key for catastrophic risk transfer.New regulatory oversight is needed to stabilize litigation risk.Data analytics solutions like 4WARN inform risk management for carriers.Chapters:00:00 Introduction01:00 Fast publishing & market turbulence update03:00 Litigation harvesting mechanics: investment & marketing07:30 Introducing guests: Matt Monson and Todd Kozikowski09:00 The effect of nuclear verdicts on premiums13:00 Third-party funding in mass torts16:30 Catastrophic events and insurance innovations20:00 Digital targeting and AI-powered claims lead generation22:30 4WARN’s analytics: Risk assessment for carriers26:00 Policy, regulation, and future outlookConnect with RiskCellar:Website: https://www.riskcellar.com/Matt MonsonFounder and Manager, The Monson Law FirmWebsite: monsonfirm.com LinkedIn: https://www.linkedin.com/in/matthewdmonson/ Todd KozikowskiCEO & Co-Founder, 4WARNWebsite: 4warn.com  LinkedIn: linkedin.com/in/toddkozikowski Brandon Schuh:Facebook: https://www.facebook.com/profile.php?id=61552710523314LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/Instagram: https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn: https://www.linkedin.com/in/nickjhartmann/ 

We deep dive into the latest insights in commercial insurance on RiskCellar, uncovering Q3 2025's leading market developments. We spotlight Chubb's record-setting $2.26 billion underwriting profit and 81% combined ratio, a testament to disciplined underwriting and strategic focus on high-value home insurance, especially in competitive states like Texas. With property insurance rates stabilizing and sector appetites opening, the discussion highlights cautious optimism while navigating the turbulence of today's market.The conversation turns to the evolving landscape of casualty insurance, where nuclear verdicts and third-party litigation financing present unprecedented challenges for carriers. We weigh in on the controversial cyber insurance space, particularly the ethical dilemma of paying ransomware, referencing the massive Land Rover supply chain hack that cost the UK economy $2.5 billion. Concerns over the insurance industry's role in possibly funding fraudulent and criminal activity remind listeners that risk extends far beyond underwriting spreadsheets.Rounding out the episode, we examine industry consolidation, cat bond alternatives to reinsurance, and the push for state cost sharing to fight climate-driven disasters. Upcoming guests, defense attorneys Matthew Monson and Todd Kozakowski, will join future conversations to debate the impact and ethics of third-party litigation financing. Coupled with candid wine reviews and a preview of the London market's expansion, This is a must-listen episode for professionals seeking clarity in a complex commercial insurance world.Takeaway List (6–8):Chubb achieved $2.26B underwriting profit & an 81% combined ratio in Q3 2025.Property insurance rates are stabilizing, with rising appetite in select regions.Nuclear verdicts and litigation financing continue to disrupt casualty markets.Cyber insurance faces scrutiny after the $2.5B Land Rover supply chain hack.Third party litigation financing raises ethical and legal questions.Wholesale brokers like RT Specialty are exploring London market expansion.Cat bonds and state-level cost sharing models are gaining traction as disaster solutions.Insurance tech firms like FreeFlow AI automate servicing and back-office work.Chapters:00:00 FreeFlow AI sponsor message00:43 Episode start, hosts Brandon Schuh & Nick Hartmann01:30 Wine reviews and insurance banter03:00 Chubb Q3 2025 profits and combined ratio breakdown06:00 Texas property insurance and market trends09:00 Casualty insurance, nuclear verdicts, litigation financing14:00 RT Specialty & London market speculation16:30 Cyber insurance, Land Rover hack, criminal funding21:00 Cat bonds & reinsurance alternatives24:00 Climate disaster, state cost sharing28:00 Upcoming defense attorney guests preview32:00 Closing thoughts & wine recapConnect with RiskCellar:Website: https://www.riskcellar.com/Brandon Schuh:Facebook: https://www.facebook.com/profile.php?id=61552710523314LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/Instagram: https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn: https://www.linkedin.com/in/nickjhartmann/

We dive deep into the seismic shifts reshaping the insurance brokerage landscape, from unprecedented jury verdicts to transformative AI automation. The duo unpacks how California legislation is changing the legal landscape, following Governor Gavin Newsom's decision to shut down fee-sharing arrangements between attorneys and non-lawyer investors through AB 931. This regulatory move comes as Johnson & Johnson faces a staggering $966 million talc powder verdict, raising critical questions about the role of litigation funding in driving thermonuclear verdicts that threaten to destabilize traditional insurance risk transfer mechanisms.The episode tackles Acrisure insurance layoffs affecting 400 employees, with the global brokerage citing AI and automation as primary drivers for workforce reduction. This development reflects broader insurance industry AI job displacement trends, as approximately 17,375 positions were eliminated between January and September 2025 according to the hosts. Brandon and Nick explore whether these cuts represent genuine technological efficiency gains or mask deeper margin pressures facing private equity-backed insurance consolidators who may have overpaid during aggressive acquisition sprees.From First Brands' mysterious missing $2.3 billion in the auto parts distribution sector to Marsh McLennan's stripped-down rebranding as simply "Marsh," the hosts examine how credit insurance and operational risk management practices are being tested in an era of fast-and-loose lending. The conversation weaves through Halloween planning and golf tournaments while delivering sharp insights into mass tort litigation funding disclosure requirements, contingency fee sharing regulations, and why credit insurance remains one of the insurance industry's most underutilized products despite mounting wholesale distributor bankruptcies.Key Takeaways:Acrisure announced 400 layoffs citing AI automation, representing significant workforce reduction in the insurance brokerage industry amid private equity margin pressuresCalifornia Governor Gavin Newsom signed AB 931 banning contingent fee sharing between attorneys and non-lawyer investors, effectively restricting third-party litigation funding arrangementsJohnson & Johnson hit with $966 million verdict in California talc cancer case backed by third-party litigation funding from Salton Lodge investment fundsFirst Brands Group filed bankruptcy with $2.3 billion mysteriously vanishing from the major auto parts distributor's balance sheet, exposing risks in private credit lendingMarsh McLennan rebranding to simply "Marsh" effective January 2026, consolidating Guy Carpenter and other subsidiaries under unified brand identityCredit insurance remains severely underutilized despite mounting wholesale distributor bankruptcies exposing significant gaps in risk management strategiesChapters:00:00 Introduction00:39 Welcome Back to RiskCellar with Brandon and Nick00:57 Halloween Planning and Family Updates03:41 Episode Overview: Industry News Breakdown04:24 Marsh McLennan Rebranding Discussion06:25 First Brands Bankruptcy and Missing Billions07:53 Credit Insurance Conversation and Market Gaps09:28 Acrisure Layoffs and AI Automation Impact14:45 California Third-Party Litigation Funding Law18:07 Johnson & Johnson $966 Million Talc Verdict20:50 Two Truths and a Lie: Astronomy Edition22:59 RiskCellar Recognition and Cross-Promotion Plans24:30 Wine and Tequila Chat27:47 Closing Remarks and Newsletter SubscriptionConnect with RiskCellar:Website: https://www.riskcellar.com/Brandon Schuh:Facebook: https://www.facebook.com/profile.php?id=61552710523314LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/Instagram: https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn: https://www.linkedin.com/in/nickjhartmann/ Sponsor: FreeFlow AIWebsite: https://www.freeflow.ai Email: sales@freeflow.ai

In this insightful episode of RiskCellar, hosts Brandon and Nick delve deep into the evolving world of litigation finance with special guest Nick Rowles-Davies, CEO of Lexolent. Nick shares his extensive experience across the UK and international litigation finance landscape, highlighting the industry's foundational purpose: enabling access to justice for those who otherwise could not afford to pursue valid claims. The conversation covers the broad spectrum of litigation finance, from consumer funding and law firm lending to high-stakes commercial disputes, and the stringent underwriting processes that ensure careful risk management.The discussion compares the UK and US legal systems, exploring the impact of adverse cost rules in the UK versus juries and nuclear verdicts in the US. Recent regulatory developments, including Arizona's pioneering mandatory disclosure requirement for litigation funding, are considered. The episode also highlights how technology and AI are transforming case identification and underwriting. Listeners gain balanced perspectives on litigation finance's role as a driver of fairness and disruption within the legal and insurance landscapes.Key Takeaways:Litigation finance began as a vehicle for access to justice.Multiple types exist: consumer, law firm, and commercial funding.Rigorous due diligence leads to funding very few cases.UK’s “loser pays” deters frivolous lawsuits, unlike US approach.Arizona’s disclosure rule promotes funding transparency.Litigation finance in US is a small but growing industry.AI and tech play increasing roles in deal sourcing and assessment.Collaboration with insurers aligns interests.Litigation finance can facilitate fairer outcomes and longer negotiations.Transparency and regulation are essential for credibility.Social and legal differences affect litigation finance globally.Legal technology promises further evolution.Challenges remain regarding lawsuit inflation and insurance impacts.Episode Chapters:00:00 Intro & sponsor message05:00 Origins and purposes of litigation finance15:00 Types of funding and underwriting approach25:00 UK vs US legal system differences35:00 Arizona’s funding disclosure and regulation trends45:00 Technology & AI in litigation finance55:00 Case examples and insurance ecosystem effects65:00 Social influences & nuclear verdict concerns75:00 Closing thoughts & outroConnect with RiskCellar:Website: https://www.riskcellar.com/Guest: Nick Rowles-DaviesLexolent Website: https://www.lexolent.com/nick-rowles-daviesNick Rowles-Davies LinkedIn: https://www.linkedin.com/in/nick-rowles-davies/ Brandon Schuh:Facebook: https://www.facebook.com/profile.php?id=61552710523314LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/Instagram: https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn: https://www.linkedin.com/in/nickjhartmann/ 

Litigation financing is a field that can seem a bit complex, but at its core, it's all about helping people and businesses manage the financial strain that comes with legal battles. In this episode with Eric Schuller, president of the Alliance for Responsible Consumer Legal Funding, we got a clear picture of what consumer legal funding is really about. Unlike commercial litigation financing, which involves large sums of money flowing to law firms or corporations to cover hefty legal fees, consumer legal funding reflects smaller, more direct support. This funding helps everyday people cover their living expenses, think rent, mortgage, groceries, while their legal cases move through the system. Eric emphasized that the money given in consumer legal funding cannot be used to pay for the litigation itself, which is a vital protection designed to keep things transparent and fair.On the flip side, commercial litigation financing is a much bigger beast, mostly involving companies funding lawsuits that can reach into the millions, like patent fights or other business-related disputes. The stakes and amounts are larger, and this sector is often criticized because it sometimes leads to complex conflicts of interest, especially when outside investors start putting money directly into law firms. Eric talked about how these big commercial deals have a vastly different risk profile and payment structure compared to consumer funding. The commercial side tends to have fewer but much larger investments, while consumer legal funding operates on a higher volume of smaller cases, supporting individuals who really need the financial bridge to get through tough times.One of the key challenges discussed is the confusion in legislation that lumps these two types of funding together, which can lead to unfair restrictions and misunderstandings. Eric pointed out that legislation works best when it clearly distinguishes consumer funding from commercial financing. The consumer side is focused on protection and aid, while the commercial side is more about risk investment and business strategy. This clear separation helps protect consumers who rely on these funds for basic needs without hampering the potential regulation and oversight of the commercial financing world. It’s a constantly evolving space, with new laws and industry best practices emerging to ensure fairness, transparency, and responsible investment from both sides.Takeaway List:Distinction between consumer legal funding and commercial legal fundingConsumer legal funding supports household needs, not litigation costsCommercial litigation funding involves large sums for business lawsuitsConsumer funding payout comes after attorney and lien paymentsConsumer legal funding started in late 1990s; commercial in early 2000sChapters:00:00 Introduction to Litigation Financing02:00 Overview of Consumer Legal Funding10:00 Differences Between Consumer and Commercial Litigation Funding18:00 Eric Schuller's Insights on Consumer Legal Funding30:00 Legislative Landscape and Consumer Protections40:00 Commercial Litigation Financing Challenges50:00 Disclosure, Regulation, and Industry Future60:00 Role of Insurance and Risk Management70:00 Closing Thoughts on Litigation FinancingConnect with RiskCellar:Website: https://www.riskcellar.com/Brandon Schuh:Facebook: https://www.facebook.com/profile.php?id=61552710523314LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/Instagram: https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn: https://www.linkedin.com/in/nickjhartmann/

We’re excited to kick off a new season of the RiskCeller podcast after a well-deserved break! In this episode, we not only catch up on personal adventures and favorite wines, but we also unveil a shift in our show’s format, moving beyond insurance industry news to tackle a wider range of timely topics and in-depth interviews. This fresh approach is about delivering a perfect mix of hard-hitting news and thoughtful, expert discussions for our listeners, whether you’re an insurance professional or just intrigued by the broader legal landscape.One of the major issues we explore is third-party litigation funding and its destabilizing effects on the insurance sector. We discuss how litigation financing, where outside investors fund lawsuits for a slice of the settlement, has grown rapidly in the U.S., fueling what’s often called “social inflation.” This trend is creating complications for insurers by inflating the costs of claims and pushing up premiums for everyone, from homeowners to small businesses. Notably, the episode centers on our interview with Minnesota State Senator Judy Seberger, an insurance defense attorney leading efforts for more transparency and consumer protections in litigation funding. Her bill, SF-2929, aims to shine light on industry practices and guard against predatory lending in the legal system.Throughout the episode, we reflect on the ripple effects that rising litigation costs have on insurance premiums and consumer experience. We compare trends across states, dig into the ethical and economic challenges posed by third-party funding, and debate if more states should follow Minnesota’s lead. Our ongoing mission is to clarify the impact of legal and insurance industry changes and share insights from credible guests. If you’re seeking fresh perspectives and actionable information on insurance, legal news, and consumer protection, you won’t want to miss this season.Takeaway List:The podcast is changing its format to cover broader topics beyond just insurance.Litigation financing is destabilizing the insurance sector.Howden is making significant moves in the insurance brokerage space.Third-party litigation funding is a growing concern in the legal industry.Judy Seberger is advocating for transparency in litigation funding.The SF-2929 bill aims to protect consumers from predatory practices.Insurance premiums are affected by rising litigation costs.State legislation on litigation funding is evolving, with few states having robust laws.Social inflation is fueled by third-party funding in lawsuits.Industry experts like Chubb’s CEO are calling for ethical and systemic reforms.The podcast will feature more interviews with industry leaders and policymakers.Listeners can expect a mix of breaking news, analysis, and practical advice.Chapters:00:00 Welcome Back and Summer Adventures05:27 Changes in the Podcast Format06:52 Current Events and Legal News13:54 Insurance Industry Developments16:28 Deep Dive into Litigation Funding26:23 Interview with Judy Seberger56:05 Wrap-Up and Future DiscussionsConnect with RiskCellar:Website: https://www.riskcellar.com/Guest: Judy SebergerLinkedIn: Judy Seberger's LinkedIn Profilelinkedin.com/in/judy-sebergerJudy Seberger, State Senator, Minnesota Senate Official Page: senate.mn/members/member_bio.html?mem_id=1248Email: sen.judy.seberger@senate.mnBrandon Schuh:Facebook: https://www.facebook.com/profile.php?id=61552710523314LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/Instagram: https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn: https://www.linkedin.com/in/nickjhartmann/

Brandon Schuh and Nick Hartman dive into a mix of engaging topics, starting with some personal anecdotes about their recent travels and experiences with Airbnb. Brandon shares a cautionary tale about a less-than-ideal stay that underscores the importance of customer service in the hospitality industry. He highlights how Airbnb's support helped resolve his issue, showcasing the platform's commitment to customer satisfaction. Meanwhile, the duo engages in a light-hearted wine tasting segment, discussing their selections and offering humorous critiques.Shifting gears, the conversation turns to the insurance industry, where significant challenges are unfolding. The hosts discuss the financial performance of AIG and Travelers, particularly in light of natural disasters that have led to substantial losses for major carriers. They reflect on Federal Reserve Chair Jerome Powell's recent remarks regarding the intersection of insurance and housing finance, emphasizing the growing difficulties in obtaining mortgages in disaster-prone areas as insurers retreat from high-risk markets. This discussion sets the stage for a broader examination of how these trends are reshaping the insurance landscape.The episode also touches on broker consolidation trends and recruitment challenges within the insurance sector. As insurtech companies continue to innovate and offer new solutions, the hosts contemplate the future of traditional insurance models. They conclude with cultural commentary on events like the Super Bowl and their impact on public sentiment and marketing strategies, reminding listeners of the importance of consumer safety in light of recent product recalls.Key Takeaways: Brokers should focus on their core competencies rather than billing. Personal experiences can highlight the importance of customer service in hospitality. Airbnb's support can be crucial in resolving disputes. Wine ratings can be subjective and vary between individuals. The future of Tesla may be uncertain due to market dynamics. Insurance companies are retreating from high-risk markets. Natural disasters are impacting the financial performance of insurance companies. AIG's recent earnings reflect the challenges of underwriting in a volatile environment. The insurance industry is undergoing significant shifts in response to market pressures. California wildfires have led to substantial losses for major insurance carriers. The insurance industry is experiencing a slowdown in mergers and acquisitions. Recruitment in the insurance sector is becoming increasingly competitive. Insurtech companies are actively seeking to innovate and provide solutions.Chapters:00:00 Post-Trip Reflections and Client Experiences03:02 Airbnb Experience: A Cautionary Tale06:46 Wine Tasting and Ratings10:06 Elon Musk and the Future of Tesla13:09 Insurance Industry Shifts and Challenges18:27 AIG's Financial Performance and Natural Disasters20:16 Leadership Changes at AIG21:11 AIG's Historical Context and Current Position22:35 Impact of California Wildfires on Insurance Companies24:11 Foreign Ownership in China's Insurance Market26:30 Broker Consolidation Trends28:03 Recruitment and Talent Acquisition in Insurance30:51 Market Outlook and Insurtech Innovations32:49 Cultural Commentary: Super Bowl and Entertainment36:48 Product Recalls and Consumer SafetyConnect with RiskCellar:Website: https://www.riskcellar.com/Brandon Schuh:Facebook: https://www.facebook.com/profile.php?id=61552710523314LinkedIn: https://www.linkedin.com/in/brandon-stephen-schuh/Instagram: https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn: https://www.linkedin.com/in/nickjhartmann/ 

In this fascinating discussion with Sean Flood from Ride Today we chat about his journey in the ever-evolving world of mobility, from his early days in electric rideshare to his current ventures in Ireland. It's always interesting to hear how entrepreneurs navigate the ups and downs of an industry, especially one as dynamic as micro mobility. Sean's insights on hardware sales and subscription models really highlight the innovative spirit driving the sector forward.One of the key themes we explore is the impact of tariffs on the mobility industry. Sean brings a grounded perspective, emphasizing how tariffs can drive inflation and affect pricing. It's not just about the political side of things; it's about the real-world consequences for businesses and consumers. We also delve into the evolution of micro mobility, from the early days of scooter dumping to a more strategic and community-integrated approach. It seems like the industry is finally finding its footing, with less public resistance and more focus on sustainable growth.Looking ahead, we get into the exciting possibilities of robotics and even personal aerial transportation. It's wild to think about the future of mobility extending beyond traditional vehicles to include delivery bots and maybe even personal bubble devices. Sean's vision really paints a picture of how innovation and technology could transform the way we move goods and services. It's clear that the definition of mobility is expanding, and the potential for growth is immense.Takeaways*   Ascend automates premium financing and collections.*   Sean Flood has a long history in micro mobility.*   The move to Ireland was prompted by a family decision.*   New ventures in mobility focus on hardware sales and subscriptions.*   Tariffs can drive inflation and impact pricing in the mobility sector.*   Micro mobility is evolving with less public resistance.*   Innovation in mobility is expected to grow significantly.*   The definition of mobility is expanding to include goods transportation.*   Personal aerial transportation could be a future reality.*   Stability is crucial for entrepreneurs in the mobility space.*   Litigation has significantly increased post-COVID, making it challenging to analyze trends.*   Battery safety regulations are becoming crucial due to the rise in fires caused by unsafe products.Chapters*   00:00 Revolutionizing Payments in Insurance*   01:19 Sean Flood's Journey in Micro Mobility*   02:42 Transitioning to Ireland and New Ventures*   04:03 The Future of Mobility: Strategies and Innovations*   06:00 Impact of Tariffs on the Mobility Industry*   14:04 The Evolution of Micro Mobility*   18:21 The Future of Mobility: Robotics and Aerial Transportation*   21:11 Litigation Trends Post-COVID*   24:53 The Impact of Battery Safety Regulations*   26:10 Wine and Risk: A Personal Touch*   30:11 Navigating Tariffs and Trade Relations*   34:24 AI and the Future of Jobs*   38:09 Sovereign Wealth Funds: A New Frontier?*   44:01 Product Recalls and Consumer SafetyConnect with RiskCellar:Website:https://www.riskcellar.com/Sean Flood:Ride Today Linkedin:https://www.linkedin.com/company/ridetoday/?originalSubdomain=ieBrandon Schuh:Facebook:https://www.facebook.com/profile.php?id=61552710523314LinkedIn:https://www.linkedin.com/in/brandon-stephen-schuh/Instagram:https://www.instagram.com/schuhpapa/Nick Hartmann:LinkedIn:https://www.linkedin.com/in/nickjhartmann/ 

In the latest episode of Risk Seller, hosts Brandon and Nick emphasize the **growing necessity for private security** in light of alarming incidents, notably the assassination of United Healthcare CEO Brian Thompson. This tragic event has triggered a reevaluation of security protocols for executives, highlighting that many high-profile leaders often travel without adequate protection. The discussion reveals that while some executives may decline security details, this decision can lead to significant risks, underscoring the need for companies to prioritize protective measures amidst rising threats from both physical and cyber domains. The conversation also delves into the **MGM data breach settlement**, where the company agreed to pay $45 million following two major cyberattacks that compromised sensitive information of approximately 37 million customers. This case illustrates the broader implications of cybersecurity in corporate governance, as companies face increasing pressure to safeguard data and respond effectively to breaches. The hosts discuss how such incidents can lead to heightened awareness and knee-jerk reactions regarding security investments, particularly during economic downturns when budgets for these measures are often slashed. Additionally, the episode introduces innovative solutions like the **Shadow app**, designed to connect consumers with security providers efficiently. This reflects a trend towards leveraging technology to enhance safety measures in a rapidly evolving landscape where social engineering and human factors significantly contribute to security vulnerabilities. The hosts argue that understanding these dynamics is crucial for preventing future tragedies and ensuring that safety and security are recognized as essential investments rather than mere costs. Takeaways Ascend automates financial operations for insurance professionals. Private security is a growing concern for companies. Protectees can decline security details. The 'deadly diamond' concept shows security gaps. Knee-jerk reactions to tragedies often increase security measures. Public events require heightened security awareness. AI and cybersecurity are linked issues. Understanding security planning's unknowns is key. Social engineering risks use personal data from social media. Human error, negligence, and fraud drive security breaches. A security detail can prevent tragic events. The app is in beta, testing in multiple markets. Building a security marketplace is crucial for safety. Fraud cases highlight vulnerabilities, sometimes humorously. This conversation stresses the need for security innovations. Sources: https://markets.businessinsider.com/news/stocks/mgm-resorts-to-pay-45m-to-settle-data-breach-lawsuit-1034288134 https://techxplore.com/news/2025-01-court-grants-preliminary-45m-settlement.html https://www.theverge.com/news/601733/mgm-resorts-45-million-settlement-data-breaches https://www.reco.ai/shadow-app-discovery https://www.techcrunch.com/2025/01/29/mgm-resorts-settles-lawsuits-after-millions-of-customer-records-stolen-in-data-breaches Time Stamps 00:00 Introduction to Risk Seller and Guest Introduction 10:46 The Importance of Private Security 23:10 Response to Security Incidents and Best Practices 24:41 The Value of Safety and Security 25:39 Understanding Social Engineering in Security 30:13 Human Factors in Security Risks 32:13 The Evolution of Security Solutions 34:06 Introducing Shadow: The Uber of Security 36:15 Global Expansion and Market Strategy 37:58 Building a Marketplace for Security Products 39:25 Humor in Fraud Cases 44:25 Fitbit's Recall and Consumer Safety 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 intricate dynamics of risks, policies, and politics. We kick off with a candid conversation about the burdens of managing billing and payments in the brokerage industry, and the innovative solutions that are streamlining these processes. Our discussion then takes a lively turn as we unpack recent political events, including observations from a high-profile inauguration and the behavior of prominent figures such as Mark Zuckerberg. We explore broader political themes, touching on the energy crisis and its impact on prices, and the pressing need for political leaders to transition from perpetual campaigning to effective governance. Additionally, we examine the implications of recent presidential pardons, contemplating their motivations and potential effects on national unity. Shifting our focus to industry trends and global expansion, we analyze the dynamic landscape of the insurance and brokerage sectors. Discover how private equity-backed brokers are dominating acquisition deals, especially in acquiring smaller, regional agencies, despite a decline in large-scale acquisition activity. We explore the latest trends in reinsurance, with a noted decrease in property catastrophe rates and the continued growth of insurance-linked securities. The conversation also covers the shift of business from admitted to non-admitted markets, particularly in California and Texas, and the plateau in rate growth despite high submissions. We touch on securities class actions and their potential impact on Directors and Officers (D&O) pricing, while also considering the potential for global brokers like Howden to expand into the US market. In our final chapter, we tackle privacy concerns in consumer data and home safety. We highlight the unique quirks of flying Southwest Airlines and transition to the New York taxi insurance market, noting the recent bankruptcy of ATIC and Governor Kathy Hochul's legislative response. Our skepticism about the effectiveness of these efforts leads to a discussion on the potential for legal action by taxi drivers with unpaid claims. We also address a GM settlement over improper use of geolocation data, sharing personal experiences with Carfax and its impact on vehicle trade-in values. To wrap things up on a lighter note, we share our change of heart about Dry January and indulge in our choice of wine for the evening, Mayoma, before concluding with a humorous reflection on life expectancy and aging. Time Stamps 00:00 Revolutionizing Insurance Payments with Ascend 01:36 Trump 45 vs. Trump 47: Inauguration Drama 02:52 Morbid Presidential Speech Analysis 03:58 Gas Prices and Inflation: Are Companies Profiteering? 06:01 Biden's 6,000 Pardons: Controversy or Compassion? 09:15 TikTok Shutdown Hysteria: Is It Justified? 10:10 Insurance M&A Activity Hits Lowest Since 2017 14:21 California and Texas: Surplus Lines Market Boom 16:00 Rise in Class Action Lawsuits: Impact on D&O Pricing 18:50 Global Brokers Eyeing the US Market: Threat or Opportunity? 23:12 New York Taxi Insurance Market in Chaos 27:10 Carfax Controversy: Who Owns Your Driving Data? 29:15 Smoke Detector Recall: 328,000 Units Fail to Alert 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/

In this exciting episode of "Holiday Mishaps, Futuristic Tech, and Fires: A Rollercoaster Podcast Adventure," we dive headfirst into a whirlwind of experiences, from the chaos of holiday mishaps to the awe-inspiring innovations showcased at the Consumer Electronics Show. This episode is packed with humor, insights, and intriguing discussions that promise to keep you engaged from start to finish. Unexpected Holiday Adventures We've all experienced holiday chaos, but this episode kicks off with tales of unexpected winter woes that disrupted festive plans. The hosts share personal anecdotes of canceled parties and illness, painting a vivid picture of the unpredictability that often accompanies the holiday season. These relatable stories set the stage for a lively conversation about the rollercoaster ride of emotions that define holiday gatherings. Futuristic Tech Wonders The conversation takes a futuristic turn as the hosts recount their visit to the Consumer Electronics Show. From AI-driven pool cleaners to X-Peng's revolutionary electric vehicle that transforms into a collapsible helicopter, the tech marvels on display are nothing short of extraordinary. The excitement is palpable as they explore the future of transportation and the endless possibilities that innovation brings to our lives. Sobering Reality of Wildfires Shifting gears, the podcast delves into the sobering reality of the LA wildfires. The hosts discuss the extensive destruction, and the resilience of communities determined to rebuild. They examine the complexities of insuring high-value homes in fire-prone areas, highlighting the challenges faced by homeowners and the insurance industry alike. Through these discussions, the episode underscores the delicate balance between nature's unpredictability and human resilience. Balancing Seriousness with Laughter Amidst the serious discussions, the hosts inject humor and lightheartedness, exploring topics like airport preferences and the role of AI in the insurance industry. They speculate on TikTok's future, imagining a possible Elon Musk twist, and engage in playful banter about the hypothetical scenarios of a Musk-Zuckerberg showdown. These moments of laughter provide a refreshing contrast to the episode's more serious themes. Time Stamps 00:01 - Kicking off with humorous holiday mishaps, including winter colds and Texas weather disrupting festive plans. 08:02 - Introduction to a sober January, featuring the enjoyment of Olipop, a prebiotic beverage. 08:30 - A deep dive into the LA wildfires, discussing the scale of destruction and community resilience. 11:50 - Challenges in insuring high-value homes in fire-prone areas, highlighting coverage gaps and regulatory considerations. 24:04 - Lively discussions on favorite airports and AI's role in the insurance industry, touching on misconceptions and innovations. 30:00 - Speculation about a potential TikTok sale, with Elon Musk as a possible buyer, and humorous banter on the implications. 32:30 - Light-hearted debate on a hypothetical fight between Elon Musk and Mark Zuckerberg. 34:50 - Exploring alternative buyers for TikTok, including Kevin O'Leary and Oprah, while questioning the platform's retail value. 41:54 - Exciting announcement of Sandra's stand-up comedy tour and a potential change of scenery for future podcast recordings. 42:30 - Fun banter about smoke detector batteries and welcoming the new year, 2025, with camaraderie and joy. 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 for an insightful conversation with Brian Falchuk, a revered figure in the P&C insurance industry, as he unpacks the intricate relationship between insurance and technology. With 25 years of experience to his name, Brian shares his perspective on the transformative power of telematics and the slow-burning evolution towards autonomous vehicles. As we navigate through these topics, Brian offers a captivating look at the industry's future, providing a compelling argument that the most significant changes may be on the horizon in the 2040s. This episode is a must-listen for anyone keen on understanding the dynamic shifts in auto insurance and the burgeoning role of technology. Our discussion also takes a turn towards the automotive industry's transitioning strategies, especially how car manufacturers are rewriting the rulebook with subscription models and data-driven services. We explore the tug-of-war between insurers and original equipment manufacturers, contemplating a future where automakers might have more control over the insurance process itself. Drawing parallels with the music industry's subscription pivot, this episode encourages listeners to reconsider traditional notions of car ownership and what this means for consumer loyalty in a tech-driven world. In a fascinating segment, we dissect the unique challenges Tesla faces in establishing a viable insurance model against the backdrop of high repair costs and a narrow product range. We also dive into topics like the implications of Arthur J. Gallagher's hefty acquisition of Assured Partners and the networking potential of platforms like LinkedIn for industry professionals. With a mix of humor and insightful commentary, we even touch on the excitement surrounding the United Healthcare case and our upcoming trip to the Consumer Electronics Show. This episode promises a rich blend of industry insights and engaging storytelling, perfectly punctuated with a light-hearted holiday cheer. Timestamps 02:27 - Deliriously tired since 2 AM: A day in the life of Brian Falchuk 03:17 - The future of insurance: Thought leadership and pushing the industry forward 04:39 - Autonomous vehicles: Predictions, delays, and how the industry adjusts 06:18 - Tesla's robo-taxi announcement: A step forward or just marketing hype 07:10 - Will personal auto insurance become a thing of the past 08:51 - The distracted driving epidemic: Drivers of frequency and severity in claims 10:40 - Who owns the data? OEMs and the shifting power dynamic in insurance 11:05 - The subscription economy: Cars, insurance, and the future of ownership 16:27 - Tesla insurance: High costs, challenges, and what the numbers reveal 23:18 - Why diversified product portfolios matter for OEM insurance venture 27:16 - Should insurers partner with automakers to stay ahead 32:22 - How asking 'How might we?' can open up opportunities for innovation 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 welcome our special guest, Lucas Urbisciaga from Argentina, to explore the fascinating world of premium financing and the standout services offered by our partner, Ascend. Lucas provides insights into how Ascend differentiates itself within the industry by delivering competitive rates and offering seamless digital access for both brokers and clients. Our discussion also takes a flavorful turn as we savor the rich taste of Argentinian wine, specifically Zuccardi from the Uco Valley in Mendoza, which Lucas recommends as one of Argentina's finest offerings. Together, we blend the complexities of finance with the cultural richness of wine, creating a unique experience for our listeners. In our conversation, we explore a variety of topics, including the climate that makes Argentina's wine-growing regions, like Mendoza, comparable to California's, as well as the nuances of a 2019 Malbec. We also contrast different weather experiences between warm climates and the chill of Minneapolis. Reflecting on personal experiences, we share fond memories of living in Boston, its historic charm, walkable streets, and delightful Italian food scene, highlighting favorite spots like Mike's Pastry in the North End. These personal anecdotes tie back to our connections to Argentina and our work at Praxis, offering listeners a rich blend of experiences and shared interests. As we transition into the realm of entrepreneurship and innovation, we chart the journey of creating AI-driven solutions for the insurance industry. We explore the founders' shared history at Harvard and their drive to tackle mundane industry tasks with technology, highlighting the role of Y Combinator in nurturing their ambitions. Listen in as we discuss the potential of AI to revolutionize the insurance sector, from streamlining operations to addressing concerns like data aggregation and analysis. We also touch on economic challenges in Argentina and their implications for the insurance industry, all while examining the irreplaceable value of human brokers amidst advancing technology. Timestamps 00:00 - Guest Lucas introduces Argentinian wine and its connection to his heritage. 03:57 - Lucas discusses the similarities between Argentina’s Mendoza region and California’s wine biomes. 09:19 - Lucas shares how he discovered Bitcoin as a teenager to combat Argentina’s inflation. 12:50 - Lucas explains how he learned coding through Bitcoin mining at age 12. 16:32 - How Praxis uses AI to transform insurance processes into efficient workflows. 21:26 - Lucas describes his experience with Y Combinator and its focus on ambitious founders. 24:47 - The transformative potential of AI in standardizing and improving insurance operations. 31:00 - Lucas’s take on systemic risks in cyber security and the inevitability of breaches. 39:22 - Discussion on Argentina’s economic challenges and its impact on daily life. 46:18 - Lucas explains why early-stage startups should prioritize learning over rapid scaling. 50:15 - How Praxis is poised to redefine insurance workflows with data-driven AI. Connect with RiskCellar: Website: https://www.riskcellar.com/ Lucas Urbisaia LinkedIn: https://www.linkedin.com/in/lucas-urbisaia Website: https://www.praxos.ai/ Email: lucas@praxos.ai 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 what happens when technology, humor, and serious industry shifts collide? In this episode, we dive into everything from the peculiarities of streaming a Mike Tyson fight to the quirks of interacting with smart assistants like Alexa. Along the way, we reflect on Tyson’s performance, financial wins, and how even scripted events can spark deeper conversations about resilience and entertainment. Our exploration of politics takes a sharp yet humorous turn, touching on figures like Matt Gaetz and Mitch McConnell, their controversies, and the credibility of media narratives. From RFK Jr.'s potential health initiatives to the unpredictable political appointments of Fox News personalities, the discussion offers a lighthearted but insightful take on leadership and decision-making. Fans of AI and wine alike will enjoy a discussion inspired by Lex Friedman’s podcast featuring Dario Amodi of Anthropic, where the evolution of AI meets the quirks of building "relationships" with ChatGPT. This tech talk is paired with a surprisingly affordable organic wine recommendation—courtesy of our favorite AI tool. We also address more serious topics, including the decline of downtown Minneapolis as remote work reshapes urban landscapes, and the challenges faced by the Florida insurance market. Rounding out the episode, we cover Marsh’s acquisitions, laugh at outlandish insurance fraud stories, and unpack the safety concerns behind a major bed rail recall. Timestamps 00:00 - The Rise of Ascend: Simplifying Insurance Billing for Everyone 01:34 - Golf Tournament Insights: The Value of Premium Finance 03:02 - Humor Meets AI: The Future of Talking to Machines 06:34 - Micromobility America: Battery Fires and Tariff Talk 10:18 - Tariffs and China: Can the U.S. Manufacturing Sector Compete? 16:07 - Organic Wines and ChatGPT: A New Kind of Sommelier 19:00 - Why Downtown Minneapolis Feels Like a Ghost Town 26:05 - HDI's Expansion: The Future of Mobility Insurance 28:14 - Burning Concerns: Lithium-Ion Battery Safety and Innovation 33:52 - Bear Fraud in California: Staged Attacks for Insurance Scams 36:58 - Portable Bed Rails Recall: Tragedy and Safety Lessons 40:07 - Trivia Time: Flamingos, Gold, and The Office 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 aftermath of a significant political event, referred to as a "big red wave," and its varied impacts on listeners and participants alike. We share personal anecdotes about how we spent election night, with one of us enjoying pulled pork and tequila, while the other experienced a David Sedaris reading. The stock market's reaction to the political changes is analyzed, noting a rally with specific movements in crypto and energy stocks. We consider the potential economic strategies that might be employed, such as tax subsidies for American manufacturing, and discuss Elon Musk's strategic positioning with the new administration. Additionally, there's mention of a missed opportunity for Kamala Harris to engage in a Joe Rogan interview, adding to the political discourse. We also take a look at the intersection of political and economic challenges, starting with reflections on a recent concession speech and the broader implications for both major U.S. political parties. We explore the pressing issue of the eroding middle class, emphasizing the critical role of government intervention in reversing this trend. Shifting gears, we address the surprising rise in vehicle interest rates and the skyrocketing costs of SUVs, which reflect broader economic disparities. Housing affordability becomes a focal point, as we compare historical and current income-to-house price ratios, highlighting the growing financial strain on everyday Americans. The discussion touches on corporate influence in real estate, with entities like BlackRock affecting the housing market. Finally, we consider the implications of these trends on personal projects and hint at upcoming discussions on insurance news. And finally, we cover a wide range of topics sparked by a thought-provoking article on the implications of Trump's hypothetical second administration on business. We speculate on Elon Musk's potential role, drawing comparisons to fictional villains and office efficiency consultants, while considering the impact of integrating such a wealthy individual into government. Cryptocurrency's volatility and its association with criminal activities are highlighted, humorously juxtaposed with Trump's notorious branding. We examine Trump's energy policies, especially the contrast between his ties to traditional energy and Musk's carbon-free advocacy. Additionally, we discuss the practicalities of owning electric vehicles, such as the convenience of not needing to refuel at gas stations, despite challenges like power outages in Texas. A playful anecdote about charging an electric vehicle with a gas generator rounds off the discussion. Timestamps 3:04 Stock market after Trump's victory 3:50 What will Trump do with tariffs? 6:48 How Trump's discourse and vocabulary changed since the 80s 8:48 Trump's voting among women and black people 10:27 The issues of polarization and taking Trump as a role model 13:29 Trump's role in the invasion of the Capitol 14:21 Kamala's concession speech and the future of both parties 16:00 The disparity between salaries and insurance rates today 19:34 Will Elon Musk have a role in Trump's administration? 21:33 Impact of Trump's government on crypto 23:25 Trump's plan for energy policies 29:48 Will Trump increase government expenses and debt? 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/

Curious whether sales is just about the numbers or if there’s something deeper to consider? In this episode, Brandon and Nick dive into this question with a delightful mix of personal stories and professional insights. They share everything from spontaneous naps to encounters with relentless deer and Halloween antics. With plenty of laughs and spirited discussions, their unique take on sales strategies will not only entertain you but also challenge your understanding of what it really takes to succeed in sales. Wine enthusiasts, you're in for a treat! Experience a delightful tasting of San Gregorio Tempranillo from Spain, and explore the concept of "noble woods" with Brandon and Nick's lighthearted commentary. They also take a light-hearted look at the latest insurance acquisitions and discuss how major players like Gallagher and Howden are shaking up the industry. Alongside conversations on hurricane and fire events, they ponder the unpredictability of weather, providing a fresh perspective on timely topics. Prepare for a wild ride through armadillo trapping escapades and Fisher-Price recall revelations. Brandon and Nick weave futuristic movie references with tales of corporate shareholding, adding a sprinkle of humor with a "two truths and a lie" game that touches on quantum mechanics and ancient history. With a nod to the influential role of institutional investors, and a shoutout to guests like social media safety expert Abby Ferry, this episode promises a captivating mix of finance, fun, and fascinating facts. Timestamps 0:00 Update on last week 6:59 Today's wine: San Gregorio Tempranillo 10:19 Today's topics 15:04 Howden acquires the UK's largest beauty membership providers, ABT & AIT 17:29 Howden Alleged to Have Poached Insurance Rival’s Team in UK Suit 19:06 Impact of hurricanes in Florida's insurance market 23:46 New York Mets Hit With Class Action Alleging Biometric Privacy Violations 26:46 Trapping armadillos in Nick's backyard 29:08 Recall of the week: Fisher Price baby swings 33:32 2 truths and 1 lie quiz 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/

What does the future hold for a Green Bay Packers fan turned insurance maven? Tune in to our 30th milestone episode of RiskCeller as we celebrate with Micah Salas from the Christensen Group in Austin, Texas. Micah's vibrant life journey from Houston to Austin, peppered with anecdotes about raising two young children and his unwavering devotion to the Packers, sets the stage for a truly engaging conversation. We reflect on his recent 39th birthday celebration and humorously predict the gubernatorial future of our young colleague, Hayden. Micah takes us through his fascinating 13-year journey in the insurance industry, starting from Federated Insurance in Minnesota to his current role at the Christensen Group, all thanks to a pivotal connection with Charlie, the company's president. Delve into the genesis of the Max Revenue project, a support platform for insurance producers co-founded with his friend Trey, whose unique Instagram presence, "Coffee with Saints," adds an intriguing twist. This episode navigates the shifting landscape of social media and the evolving acceptance of broker of record letters, while humorously touching on the trials of beekeeping. The conversation doesn't stop there—it shifts gears to explore the rise of electric vehicles, the complexities faced by gig economy workers, and even the whimsical world of bees. Join us as we savor delightful wines and exchange stories, offering insights into both personal and professional growth. Whether you're interested in the intricacies of insurance, the dynamics of social media, or the lighter sides of life, this episode promises a mix of humor, knowledge, and memorable moments with Micah Salas. Timestamps 0:00 Introducing Micah Salas 6:22 Micah's professional history and becoming a producer and influencer 14:47 Today's drinks: Harvester Cabernet, Donati Family Vineyard Claret 18:01 How did Micah enter the insurance producer space and his type of content 23:27 How has the insurance content shifted the space so far? The case of AOR protection 27:55 Is there an insurance sales culture in the making, and does it help sales? 40:41 Number of private insurance companies in the US today 44:32 Today's news headlines 45:34 GEICO canceling insurance coverage for Tesla Cybertrucks 52:42 Share prices from insurance companies in Florida down after Hurricane Milton 54:47 Fire risk from electric cars 58:39 Couple Seriously Injured in Uber Crash Blocked From Court by Uber Eats Terms 1:02:43    NFL reported lowest number of pre-season concussions since tracking began 1:08:37 "2 truths and 1 lie" quiz Connect with RiskCellar: Website: https://www.riskcellar.com/ Connect with Micah Salas: Website: https://micahsalas.com/ LinkedIn: https://www.linkedin.com/in/micahsalas/ 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/