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:

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Nick Hartmann:

LinkedIn: https://www.linkedin.com/in/nickjhartmann/